26 August 2009 14:47 [Source: ICIS news]
SINGAPORE (ICIS news)--SK Energy shut down a crude distillation unit (CDU) at its 840,000 bbl/day Ulsan refinery on Wednesday due to poor refining economics, a source close to the South Korean refiner said on Wednesday.
The company shut down the 240,000 bbl/day CDU No 4 on 26 August and the unit was expected to remain offline until 29 September, the source said.
The source added that with the shut down of the CDU No 4, runs at the ?xml:namespace>
SK Energy’s move to shut down the CDU at
On Wednesday, the crack or price spread for September kerosene-Dubai was $8.55/bbl, while the crack spread for gasoil-Dubai for September was around $7.95/bbl. Last year, before the economic crisis, gasoil-Dubai cracks peaked above $40/bbl.
A 75,000 bbl/day CDU at another SK Energy-owned refinery in
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