美制裁盯上中国地炼企业 炼化行业需不断提升竞争力应对风险

Group 1 - The U.S. Department of State has imposed sanctions on Shandong Shengxing Chemical Co., Ltd. for purchasing over $1 billion worth of Iranian crude oil, marking a continued effort to disrupt China's independent refining enterprises [1][2] - Shandong independent refining enterprises account for over 15% of China's refining capacity and are seen as key targets in the U.S. strategy to cut off Iranian oil exports [2][3] - In the first seven months of 2023, China imported an average of 917,000 barrels of Iranian crude oil per day, with independent refiners accounting for approximately 87% of this volume [1] Group 2 - The sanctions are expected to disrupt the supply chain of China's energy sector, with nearly 30% of Shandong's refineries already shutting down or reducing production due to environmental policies and sanction pressures [3] - Experts suggest that independent refiners should strengthen cooperation with countries like Saudi Arabia and the UAE to secure non-sanctioned crude oil supplies and utilize the RMB cross-border payment system to mitigate dollar settlement risks [3] - The refining industry is advised to shift from a "processing" model to a high-value-added industry chain, focusing on producing chemicals like PX to meet domestic PTA demand [3]