China’s oil refineries increased their run rates by 12.7 percent to a record for September, data showed on Thursday, after a major new state-run refinery launched operations and independent plants came back on stream after maintenance. Processing volumes in September were up 12.7 percent in September compared with the same month a year ago at 49.34 million tonnes, or 12 million barrels per day (bpd). That was also an increase on August’s 11.1 million bpd, according to data from the National Bureau of Statistics. For the first three quarters of the year, refinery output rose 4.7 percent from the same period last year to 418.4 million tonnes. China National Offshore Oil Co’s 200,000-bpd Huizhou plant, in southern Guangdong province, started test runs in late […]