15 May 2007 08:39 [Source: ICIS news]
SINGAPORE (ICIS news)--ExxonMobil has informed buyers of base oils in the region that it is not anticipating any supply problems from the shutdown at a crude distillation unit (CDU) in Singapore after a refinery fire.?xml:namespace>
“ExxonMobil has informed us that we’ll receive our regular supplies for June under the term contract we have with the company,” a major lubricants blender in ?xml:namespace>
However, another major seller said it anticipated the shutdown could affect spot supplies of Group I base oils. “We feel the company may soon be constrained to fulfil its spot commitments,” a senior official with the seller said.
About 80% of ExxonMobil’s total production in
The prolonged shutdown at the 115,000 bbl/day CDU at ExxonMobil
However, some market sources had hoped the CDU would be restarted within a few days after it was shut to facilitate investigations when a fire broke out on 3 May, killing three people.
A spokeswoman from ExxonMobil
Meanwhile, the company’s olefins and polymer production were heard to be unaffected by the prolonged CDU shutdown.
“Everything seems to be as normal,” a Singapore-based olefins trader said.
“I have not heard anything that has affected olefins production and regional supply,” said an analyst with a regional chemicals consulting company.
Jeanne Lim contributed to this article.
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