Chinese independent refiner Shandong Haiyou Petrochemical Group aims to restart its key crude oil unit in June, a year after it was idled following a bankruptcy filing, according to four sources with knowledge of the matter. FILE PHOTO: A Shandong Haiyou Petrochemical Group refinery is seen in Ju county, Shandong province, China July 25, 2018. Picture taken July 25, 2018. REUTERS/Dominique Patton The refinery in Juxian county in the eastern province of Shandong is preparing to restart a 70,000 barrels per day crude unit shut since last May after local government-led investment helped the firm clear most of its debts. “The dead is returning… after the local government injected funds and became its new shareholder,” said a trading executive active in the Shandong crude oil market who was briefed on the matter. Two local government-backed companies in June 2017 injected a total 300 million yuan ($44.7 […]