The Mideast war is having differing effects on Chinese NOCs, filling their coffers with cash while cutting off some of the imports their refineries rely on.
Published:
Wed, May 13, 2026
Editor
Blake Wright
Lewis Tse/Shutterstock
China has begun drawing from its vast crude oil inventories to reduce expensive imports and cushion the impact of the global…
China has delayed 500,000 bpd of refining capacity, including an Aramco-backed plant, as Hormuz disruptions slash crude imports…
China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles…
China has made the Middle East a key part of its economic growth by importing oil and investing in Gulf infrastructure and…
Closure of Strait of Hormuz has exposed fragility of maritime chokepoints and more should be done to protect shipments, analysts…
China’s refiners are sharply reducing crude processing and imports as soaring oil prices and constrained Middle Eastern supply…
