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Kuwiat China's 7th largest crude supplier(&JV on Sinopec Guangzhou coker add)

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This topic contains 1 reply, has 1 voice, and was last updated by  Charles Randall 12 years, 3 months ago.

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  • #3460

    Charles Randall
    Participant

    Kuwait becomes China’s 7th biggest crude oil supplier
    TOKYO, Aug 26, 2008 (KUNA) — Kuwait became China’s seventh biggest crude oil supplier in July, exporting 545,000 metric tons, or 4.0 percent of nation’s total crude oil imports, the latest data from the Chinese General Administration of Customs showed. Saudi Arabia was China’s top oil supplier in July, with shipments from the kingdom reached 2.6 million tons, followed by Iran with 2.4 million tons. Angola ranked third with 1.8 million tons.
    For the first half of 2008, Kuwait supplied 2.62 million tons to the world’s second-largest energy consumer. Overall, China imported 90.5 million tons in the January-June period, up 11.0 percent year on year.
    Kuwait Petroleum Corporation (KPC) targets raising exports to China to 500,000 barrels a day (bpd) by 2015, leaping from 18,000 bpd in 2004, the state-run firm has said earlier this year.
    Through its international refining and market arm Kuwait Petroleum International (KPI), KPC is currently in talks with Asia’s biggest oil refiner Sinopec Corp. to build a 300,000-bpd refinery and petrochemical complex in Guangzhou, southern China.
    The Kuwaiti corporation is also in the process of a 240,000-bpd refinery project in East China with nation’s fourth-largest oil firm Sinochem Corp. and Royal Dutch Shell Plc.

  • #6635

    Charles Randall
    Participant

    Here is news update on Kuwait as China’s 7th largest crude supplier & a greatly expanded use of imported heavy oil into China’s refineries like Sinopec Guangzhou Petrochemical. The previous domestic crude use and anode petcoke production continues to shift towards more imported crude use and fuel coke production.
     
    The article also mentions JV Sinopec Guangzhou refinery/petrochemical expansion project. Sinopec Guangzhou recently upgraded its coker in 2005 from 1 million tpy to 1.2 million tpy (coker charge) and currently produces ~275 kmtpy of a ~3.5% Sulfur fuel coke. 
     
    It is my understanding that the Sinopec Guangzhou Petrochemical JV addition will add 300MBD mentioned and also expand coker to produce 800 kmtpy of fuel coke (or 800 kmtpy of coker charge – unclear at this point) and is on the Zhenhai Engineering’s Project list (who performed the coker expansion 2005 and ZRCC also worked on Wuhan coker that started up 2008/this year).  Note – unlike recent Sinopec Wuhan or Fujian cokers, the Guangzhou Petrochemical coker was not one of 17 – 21 new cokers on China’s forecast coker addition list.
     
    Regards

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