Sinopec, PetroChina raise daily crude throughput by 1.5% in May

14 May 2012 11:07  [Source: ICIS news]

SINGAPORE (ICIS) -- Sinopec and PetroChina are expected to refine 30.00m-30.20m tonnes of crude altogether in May, with daily throughput up by 1.5% month on month to about 971,000 tonnes, sources from the two companies said on Monday.

Sinopec’s crude throughput target for May is 18.7m-18.8m tonnes, with daily throughput up by 2.56% to about 606,000 tonnes, according to a company source.

PetroChina plans to process 11.3m-11.4m tonnes of crude this month, with daily throughput stable at about 365,000 tonnes, said the company source.

However, it will shut some other refineries for maintenance in May and the total capacity of these refineries under maintenance is around 37m tonnes/year, the source added.

In northeast China, the daily throughput is expected to rise by 6.02% in May , as PetroChina has completed refinery maintenance at Dalian West Pacific Petrochemical (WEPEC) and Dalian Petrochemical, according to the PetroChina source.

In northwest China, the daily throughput is expected to fall by 6.3% in May , largely because of refinery maintenance at Dushanzi Petrochemical and Karamay Petrochemical, both owned by PetroChina.

The daily throughput of Sinopec and PetroChina, two of the country’s largest refiners, is expected to rise further in June as there will be less maintenance scheduled then, according to C1 Energy, an ICIS service in China.


By: Jean Zou
+65 6780 4359



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