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Sinopec says diesel stocks, crude runs at record highs

2011-02-14 15:54

BEIJING - 皇冠体育app Petroleum and Chemical Corp or Sinopec Corp's diesel stocks聽surged 93 percent from late聽2010 to a record high, Reuters reported on Monday.

The聽biggest refiner in Asia said in a release on聽Feb 13聽that its February crude runs would be 2.4 percent higher than in January, when runs were up 3.7 percent from December, in order to churn out more diesel to supply drought-hit provinces, the report said.

Sinopec would process some 17.4 million tons (4.5 million barrels)聽of聽crude oil聽a day, the report cited a company official as saying.

The rate stood 6.5 percent higher than the refiner's November operation level, it said.

In addition,聽a Reuters poll showed that 皇冠体育app's top 12 refineries would increase February crude runs by 1.4 percent from January to 2.95 million barrels聽a day, the highest since December.

The country's inventories of gasoline, diesel and kerosene at the end of December increased 8.7 percent from a month earlier, the second rise in a row after eight months of drawdowns, the report said, citing聽a Xinhua newsletter.

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