Sinopec, PetroChina hike daily crude throughput by 4.21% in Nov

12 November 2012 07:48  [Source: ICIS news]

SINGAPORE (ICIS)--Sinopec and PetroChina has planned to process a total of about 31.06m tonnes of crude in November, with daily throughput up by 4.21% month on month to 1.04m tonnes, according to sources from the two companies on Monday.

Sinopec’s crude throughput has been set at 18.9m-19.1m tonnes for this month, with the daily throughput at around 631,000 tonnes, a rise of 5.7% from October.

Sinopec Qilu Petrochemical and Qingdao Petrochemical have completed refinery maintenance and have raised their throughput. Zhanjiang Dongxing Refinery and Guangzhou Petrochemical resumed normal production in late October and they are also processing more crude this month.

Additionally, Tianjin Petrochemical is expected to boost its crude throughput further in November. The company completed a refinery turnaround in early October.

PetroChina is scheduled to process 12.0m-12.3m tonnes of crude and its daily throughput is likely to climb by 1.98% to roughly 405,000 tonnes, a company source said.

The company’s throughput growth will be mainly contributed by Hohhot Petrochemical, which started up a 100,000 bbl/day refinery in late October and will run the refinery at about 60% of capacity this month.

PetroChina has scheduled hardly any refinery maintenance for November, sources said.

Sinopec and PetroChina are the two biggest refiners in China

By: Jean Zou
+65 6780 4359

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