China's Shandong provincial government’s new restrictions and inspections on procurement, production and sales of oil products is not expected to immediately impact the work of local refiners and blenders. The wording of the rules imposed by authority is considered too vague, so until it's clear how the government plans to monitor and enforce them with potential punishments, refiners will not understand the impact of the rules, according to a producer in Dongying. “Refineries are already struggling under these rules,” said another refinery owner who asked for anonymity due to his position at an important company.
China's Shandong provincial government’s new restrictions and inspections on procurement, production and sales of oil products is not expected to immediately impact the work of local refiners and blenders. The wording of the rules imposed by authority is considered too vague, so until it's clear how the government plans to monitor and enforce them with potential punishments, refiners will not understand the impact of the rules, according to a producer in Dongying. The list of restrictions cover production and usage of oil products, license requirements and ensuring fuels adhere to standards, without naming details.