28 September 2012 07:37 [Source: ICIS news]
The refineries have a combined capacity of 7.26m bbl/day, which accounts for 72% of the total capacity of
Sinopec has ramped up production at its 160,000 bbl/day Yangzi refinery to above its capacity, with current run rate at 101%, up by seven percentage points from two weeks ago.
PetroChina, on the other hand, has raised run rates at its 260,000 bbl/day Lanzhou refinery by six percentage points from two weeks ago to 67% currently, according to C1 Energy, an ICIS service in China.
In October, the average operating rates of the 35 major refineries in China are expected to rise to 84-86% as Sinopec facilities are due to come back on stream, market sources said.
Sinopec’s 260,000 bbl/day
Higher refinery operating rates brings down the cost of feedstocks for
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