January 7, 2010 at 7:27 pm #2820
Exxon Says Rotterdam Refinery Units Are Shut for Work (Update3)
By Nidaa Bakhsh
Jan. 7, 2010 (Bloomberg) — Exxon Mobil Corp., the largest U.S. oil company, said units are shut at its Rotterdam refinery for planned maintenance, limiting supplies of oil products at a time of freezing weather.
Work on units including a flexicoker and a desulfurization plant is expected to last until early March, Bart Vermeulen, an Exxon spokesman, said today in an e-mail. The units shut at the end of December and the company expects to meet customer needs during the halt, he said.
The shutdown will “help to alleviate the overhang in the stocks,” Harry Tchilinguirian, a senior oil analyst at BNP Paribas, said by phone from London. “It’s a good opportunity to do maintenance because of high product availability in storage, notably distillates.”
Distillates include diesel and gasoil, which is used in heating. Stockpiles of gasoil in independent storage in the Amsterdam-Rotterdam-Antwerp area, Europe’s oil-trading hub, were 2.61 million metric tons in the week to Dec. 30, compared with 2.14 million tons a year earlier, according to consultant PJK International BV. They fell 9 percent in the week.
The Rotterdam refinery has capacity to process about 191,000 barrels of oil a day, according to Exxon’s Web site. Flexicokers convert heavy oils into lighter products such as diesel. Desulfurization units clean fuels of sulfur.
Refiners are doing maintenance after profit from turning crude oil into fuels has dropped. Refining margins in northwest Europe shrank to $2.69 a barrel in the fourth quarter from $7.48 a year earlier, according to BP Plc. Royal Dutch Shell Plc plans to halt a diesel-producing hydrocracker and associated units at its Pernis refinery, Europe’s largest, next month for maintenance, two people familiar said yesterday.
Temperatures in Frankfurt are forecast to drop to minus 9 Celsius (16 Fahrenheit) tomorrow from minus 8 Celsius today, according to CustomWeather Inc. Germany is Europe’s largest heating oil market.
To contact the reporter on this story: Nidaa Bakhsh in London at firstname.lastname@example.org Last Updated: January 7, 2010 13:06 EST
January 7, 2010 at 7:29 pm #5865
Here is update on ExxonMobil’s Rotterdam Refinery & Flexicoker shutdown schedule.
This Flexicoker was started up in Sept. 1986 using XOM’s technology about the same time frame as the PDVSA Amuay & XOM Baytown flexicokers.
The two Fluid/Flexicokers shutdown recently at Valero Delaware & Tesoro Golden Eagle in 2009 (S/Up new Delayed coker) are more than offset by new Hellenic Greece new Flexicoker coming online in 2008 & the 3rd Syncrude Upgrader Flexicoker that came online in 2007.
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