Sinopec, PetroChina crude throughput to hit year-high in December

11 December 2013 06:11  [Source: ICIS news]

SINGAPORE (ICIS)--Sinopec and PetroChina are expected to process a combined 33.7m tonnes of crude in December, with the daily throughput up by 4.73% from the previous month to hit the highest level of this year, company sources said on Wednesday.

Sinopec sets its crude throughput target for December at 20.5m-20.7m tonnes, with the daily throughput to rise by 7.63% month on month, according to the sources.

PetroChina is expected to refine 13.0m-13.2m tonnes of crude in December, up by 0.46% on a daily basis from November, the sources said.

Sinopec’s subsidiary Maoming Petrochemical and Fujian Refining & Petrochemical with a combined 30m tonne/year refining capacity finished their turnarounds in late November and early December, respectively.

The oil giant will cut December crude runs at Qilu Petrochemical, Jinan Refinery and Luoyang Petrochemical by 15-25% because of a pipeline blast in Qingdao city, Shandong province on 22 November.

PetroChina has no refinery turnarounds planned in December.

Crude throughput of Sinopec and PetroChina is expected to increase further in January 2014 when there will be no turnarounds, ICIS C1 estimated. In addition, PetroChina will start up Sichuan Petrochemical’s 200,000 bbl/day refinery between late December and early January.

Sinopec and PetroChina are the two biggest refiners in China.

By: Amy Sun
+65 6780 4359

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