S Korea’s S-Oil delays Group III base oils unit turnaround to Apr

26 February 2013 10:01  [Source: ICIS news]

SINGAPORE (ICIS)--South Korean refiner S-Oil has decided to delay the turnaround schedule for its 500,000 tonne/year Group III base oils plant at Onsan to April from March, a company source said on Tuesday.

No reason was provided for delaying the plant’s month-long shutdown.

S-Oil will change the plant’s catalysts during the turnaround.

The company will continue supplying to contract customers using its inventory during the shutdown period in April, the source said.

S-Oil is expected to raise its offer for Group III exports for March delivery by $20/tonne (€15/tonne) to $1,095-1,105/tonne FOB (free on board) South Korea, in view of the upcoming consumption peak in March-April, the source said.

The company also plans to shut its 1.02m tonne/year Group II base oils plant at Onsan in July for a month of routine turnaround.

($1 = €0.76)

By: Whitney Shi
+65 6780 4359

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