China’s GDP expands 8.1% in 2021, grows 4% in Q4 Crude throughput to rise 454,000 b/d in 2022: Platts Analytics Crude output rises 3% to hit 4 million b/d in 2021 China’s crude throughput rose 4.6% year on year to 14.13 million b/d in 2021 despite refineries cutting crude runs by 2.1% in December to offset product inventory pressure, National Bureau of Statistics data released Jan. 17 showed. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The higher throughput in 2021 was attributed to refining capacity expansion, and as refineries produced more oil products to compensate for the reduction in imports of blending materials for gasoline and gasoil, analysts said. China added about 200,000 b/d of operational capacity in 2021, which was mostly contributed by Zhejiang Petroleum & Chemical’s phase 2 project. At the same time, refinery turnarounds amounted to 394,000 b/d in 2021, […]