Sinopec, PetroChina keep October daily crude throughput unchanged

11 October 2012 11:09  [Source: ICIS news]

SINGAPORE (ICIS)--Chinese oil majors Sinopec and PetroChina are expected to refine a total of about 30.5m tonnes of crude in October, with daily throughput flat with September’s level of about 984,000 tonnes, sources from both companies said on Thursday.

Sinopec’s crude throughput target for October is 18.15m-18.25m tonnes, with its daily throughput up by 0.43% month on month to around 587,000 tonnes.

The increase comes mainly from its Tianjin refinery and Qingdao refinery, which were restarted after its maintenance. The refineries have a combined capacity of 360,000 bbl/day. But the increase was partially offset by lower throughputs at other refineries, according to a company source.

Its 100,000 bbl/day Zhanjiang refinery and 104,000 bbl/day crude distillation unit (CDU) at Guangzhou refinery were brought off line in late September because of pollution problems.

In addition, its 160,000 bbl/day Qilu refinery was shut on 8 October for a 25-day maintenance.

PetroChina plans to process 12.25m-12.35m tonnes of crude in October, with its daily throughput down by 0.6% to about 397,000 tonnes.

The decrease is primarily because its 200,000 bbl/day joint venture refinery in Dalian and its 120,000 bbl/day Daqing refinery will both cut operating rates this month amid the weak market, said a company source.

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

By: Amy Sun
+65 6780 4359

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