Sinopec, PetroChina hike September crude throughput by 1.65%

11 September 2012 09:34  [Source: ICIS news]

SINGAPORE (ICIS)--Sinopec and PetroChina are expected to refine a combined total of 29.5m tonnes of crude in September, with daily throughput up by 1.65% from the previous month, sources from both companies said on Tuesday.

Chinese oil and gas company Sinopec’s crude throughput target for September is 17.5m-17.6m tones, with daily throughput up by 0.4% month on month, according to a company source.

Sinopec shut its 13m tonne/year Tianjin refinery and 5m tonne/year Qingdao refinery for turnarounds since mid-August. It raised throughput at its other refineries to offset production losses caused by the planned shutdowns in Tianjin and Qingdao.

PetroChina, a listed subsidiary of China National Petroleum Corporation (CNPC), plans to process 11.9m-12m tonnes of crude in September, with daily throughput up by 3.5% from August.

PetroChina restarted its Jilin and Liaoyang refineries after conducting turnarounds in July and August respectively, directly boosting its throughput, a company source from PetroChina said.

Both Sinopec and PetroChina are the two largest oil refiners in China.


By: Jean Zou
+65 6780 4359



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