08 June 2012 07:01 [Source: ICIS news]
SINGAPORE (ICIS)--Anglo-Dutch oil and gas major Shell is planning to shut its 380,000 tonne/year Group I base oil plant in Bukom Island, Singapore, in early July for maintenance, market sources said on Friday.
The turnaround will last about one month, they said.
The company will continue supplying to contract customers during the period, according to the sources.
The shutdown will pose minimal impact on the Chinese market, where Shell products are rare in the physical market, major importers in ?xml:namespace>
Shell supplies most of its base oils to subsidiary lubricant plants, and some to Chinese downstream consumers directly, the importers said.
Meanwhile, China-based lube oil producers are not interested in buying in view of abundant supplies of Group I products in the domestic market, traders said.
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