China’s CNOOC plans mid-January Yingkou refinery turnaround

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 Liaoning province from mid-January this year for maintenance, a company source said on Thursday.

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. 

The refinery produces 500,000 tonnes/year of bitumen, 230,000 tonnes/year of low-sulphur fuel oil, 240,000 tonnes/year of wax oil and 10,000-20,000 tonnes/year of naphtha, the source added.

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 China.

Bitumen produced in northeast China in January this year will mostly be supplied to the coking feedstock and bunker fuel oil blending markets, according to market sources.

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By: Jessie Yang

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