10 September 2013 11:03 [Source: ICIS news]
SINGAPORE (ICIS)--Sinopec and PetroChina are expected to process a combined 30.5m tonnes of crude in September, representing a 3.18% increase in daily throughput from the previous month, company sources said on Tuesday.
Sinopec set its crude throughput target for September at 19.4m-19.6m tonnes, with the daily throughput increasing by 4.81% month on month, according to the sources.
PetroChina, on the other hand, is expected to refine 10.9m-11.1m tonnes of crude this month, up by 0.42% on a daily basis from August, the sources said.
China’s two biggest refiners have fewer refining capacities under turnarounds in September than in August, market sources said.
In October, the two oil giants’ crude throughput may slightly rise because of fewer capacity turnaround schedule and as their subsidiary refineries are expected to boost throughput to fulfill their respective yearly targets, they said
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