10 January 2013 06:51 [Source: ICIS news]
SINGAPORE (ICIS)--PetroChina is expected to restart its 40,000 tonne/year Group I base oil plant at Nanchong in Sichuan province on 14 January, a company source said on Thursday.
The Chinese state-owned company has halted base oil production at the Nanchong plant since 7 January, because of a glitch in the unit, the source explained.
Inventory levels are currently low, as the producer completed a one-month turnaround at the base oil plant on 21 December 2012, the source said.
The maintenance is expected to have limited impact on the market’s supply, as base oils from the Nanchong plant is largely distributed in southwest China only and the current demand in China is weak, industry sources said.
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