10 September 2013 08:54 [Source: ICIS news]
SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) plans to halt production at its 500,000 tonne/year bitumen plant at Yingkou in northeast China from 24 September for a turnaround at the unit, a company source said on Tuesday.
The turnaround is expected to last one month, according to the source.
If the demand for bitumen is strong, the refiner may begin the maintenance later than 24 September, the source added.
The daily output of bitumen is expected to drop by 11% in northeast China during the turnaround, ICIS C1 data showed.
The plant turnaround is expected to ease the oversupply situation in the region to some extent, an industry source said.
Bitumen demand is expected to fall in northeast China in October, when the weather turns unsuitable for bitumen paving in northeast China and Inner Mongolia, an industry source said.
CNOOC has a 1m tonne/year crude distillation unit (CDU) at Yingkou that can produce 500,000 tonnes/year of bitumen.
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