China’s Sinopec to raise November base oil supply by 25%

29 October 2012 06:38  [Source: ICIS news]

SINGAPORE (ICIS)--China’s largest oil refiner Sinopec plans to supply around 10,000 tonnes of Group I and II base oils to the domestic Chinese market in November, up by 25% month on month, a company source said on Monday.

Sinopec will start supplying Group II base oil grades from its 100,000 tonne/year plant at Jingmen in Hubei province and the 150,000 tonne/year plant at Jinan in Shandong province in November, the source added.

Most of the November supply will be produced by its subsidiaries Sinopec Jingmen, Sinopec Jinan and Sinopec Beijing Yanshan, the source said. These subsidiaries have Group I base oil plant capacities of 250,000 tonnes/year, 50,000 tonnes/year and 260,000 tonnes/year respectively.

Sinopec Jinan has decided to delay the production of on-spec Group II base oils from its new 150,000 tonne/year plant to early November from 24 October, the source said.

However, the actual production date has not been unconfirmed.

Sinopec sold around 8,000 tonnes of Group I base oils in October.

By: Whitney Shi
+65 6780 4359

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