China’s main oil suppliers in Africa and the Center East are bracing for a downturn in costs after Beijing ordered the nation’s largest refiner, Sinopec, to cut back operations. Sinopec will reportedly scale back refining of street and aviation fuels by as much as 10% in response to the slowdown within the Chinese language financial system introduced on by the resurgence of COVID-19. Saudi Arabia is China’s high provider total and Angola is the most important in Africa. (BLOOMBERG)
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The submit Week in Evaluate: Ore, Oil & Oranges appeared first on The China Africa Undertaking.
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