19 January 2012 06:02 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia’s PETRONAS plans to shut on 11 February its 330,000 tonne/year base oil facility, which produces mainly Group III base oils, for maintenance, a company source said on Thursday.
The facility is located in Malacca.
The turnaround is expected to be completed in early March, the source said.
Another Asian refiner SK Lubricants plans to shut its two Group III base oil plants at Ulsan in South Korea and Dumai in Indonesia for maintenance between March and April, according to sources close to the company.
The refineries have a combined capacity of 1.38m tonnes/year.
The spate of maintenance shutdowns in Asia will likely tighten the supply of premium base oils in the first quarter, participants said.
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