05 January 2012 09:32 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corporation (CNOOC) is planning to shut its 1m tonne/year refinery at Yingkou in ?xml:namespace>
The planned shutdown at the refinery is scheduled to last until early March this year, the source said, adding that the company will focus on destocking activities during the turnaround period.
The turnaround was planned because of tight crude feedstock supply and weak demand for bitumen, according to the source.
Bitumen supply in Northeast China will fall by 14% to 6,500-7,000 tonnes as a result of the shutdown at CNOOC’s refinery, according to C1 Energy, an ICIS service in
Bitumen produced in northeast
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