PetroChina targets limited throughput growth despite capacity rise

The integrated PetroChina targets lifting crude throughput by 220,000 b/d on the year in 2023, despite commissioning its 400,000 b/d greenfield refinery amid domestic demand recovery and the company achieving refining profit in 2022, senior company executives said during its 2022 results briefing in Hong Kong March 30. The limited throughput increase indicates overcapacity in the industry. It will also…