December 16, 2008 at 12:24 pm #3275
UPDATE 1 – Sinopec shuts Anqing CDU for 1-month repairs
BEIJING, Dec 16, 2008 – Sinopec has shut down a 70,000 barrel-per-day crude oil unit in its Anqing refinery for one-month regular maintenance, an industry source said on Tuesday.
The plant on the banks of the Yangtze River in eastern Anhui province has a total refining capacity of 110,000 bpd.
“The timing is fine given weakening demand for refined fuel products,” said the source.
China‘s crude processing recorded the biggest drop in five and a half years in November as state-owned refineries trimmed their operation rates due to ample fuel stockpiles and anaemic demand.
A Reuters poll of major Chinese refineries had showed their crude throughput will extend a fall in December to the lowest in 20 months.
Apparent oil demand in the world’s second largest user declined last month for the first time in nearly three years as the global economic crisis spread, preliminary data had showed.
Sinopec, Asia’s top refiner, has planned to delay the startup of its 110,000-bpd Tianjin refinery to March 2009 despite having completed maintenance in early November.
It was not clear whether the startup of the crude oil unit under maintenance in Anqing would also be delayed after it completes the work in mid-January.
Around 60 percent of the plant’s crude is sourced from eastern Shandong province where Sinopec operates China’s second largest Shengli oilfield, with the rest coming from overseas.
December 16, 2008 at 12:25 pm #6404
Here is update on couple Sinopec Coking Refineries ( Anqing & Tianjin ) whose shutdowns have been extended due poor economics and lowest operation rates/demand in 20 months.
Sinopec Tianjin Coking refinery has delayed its startup which has two cokers and is completing a coker expansion for 2009.
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