02 August 2011 09:10 [Source: ICIS news]
The company on 20 June shut its 200,000 bbl/day refinery and auxiliary units, including a 200,000 tonne/year propylene unit, for a 45-day turnaround.
During the maintenance, the refinery’s capacity was to have been expanded to 220,000 bbl/day. However, this plan was shelved in view of high crude prices, the source said.
“Strong crude values are squeezing our refining margins heavily,” he said.
Additional reporting by Amy Sun
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