皇冠体育app

Energy

皇冠体育app top refiners crude runs seen flat in Aug vs July

(Agencies)
Updated: 2010-08-06 15:56

皇冠体育app's leading refineries are expected to process the same volume of crude oil in August as they did a month earlier, as planned increases in runs in some plants would be offset by cuts in others.

Twelve major refineries, accounting for more than a third of 皇冠体育app's capacity, plan to process 2.86 million barrels per day (bpd) of crude oil, a Reuters poll showed.

The August volume would represent 90 percent of their total capacity. Petro皇冠体育app's Jinzhou refinery will raise August runs by more than 40 percent after maintenance, while Sinopec's Gaoqiao plant will increase throughput by 13 percent following the steady kickoff of a new crude unit.

Related readings:  CNPC sees 皇冠体育app oil output up 1-2% in 2010  1st phase of oil reserve project completed  Petro皇冠体育app Dalian refinery runs at normal rate  Venezuela pares 皇冠体育app debt with $20b oil accord

But Petro皇冠体育app will cut runs at its Lanzhou plant by about 10 percent from July due to an unplanned repair, while CNOOC's Huizhou also plans to lower its output moderately due to a refill of catalyst.

Throughput in Petro皇冠体育app's Dalian refinery is expected to be largely flat from July and operations at its export-oriented Dalian West Pacific Petrochemical Co (WEPEC) will likely slow down a bit this month even as refinery officials said that operation plans weren't final.

A pipeline blast on July 16 in Dalian Port disrupted the offloading of crude and fuel exports, hitting operations at Dalian and WEPEC, adjacent to the port. Port activity has subsequently resumed, though it could take time before everything gets back to normal.