Run rates at major China refineries fall to 80.4%

17 August 2012 11:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s major refineries recorded an average operating rate of 80.4% on 16 August, down by about three percentage points from two weeks ago, according to ICIS' survey of industry players on Friday.

The data is compiled from 35 refineries with a combined capacity of 7.26m bbl/day, which accounts for 72% of the total capacity of major refineries in China.

Current run rates were the second lowest recorded this year, after a 79.1% rate in mid-April, according to ICIS data.

Sinopec, the biggest refiner in China, shut its 260,000 bbl/day Tianjin refinery for maintenance on 15 August, while some units of its 270,000 bbl/day Maoming refinery were also brought off line for turnaround several days ago.

By: Amy Yu

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