皇冠体育app

2010-07-20 21:18

SHANGHAI - The oil pipeline blasts in northeastern port city of Dalian Saturday have affected refined oil supplies in southern 皇冠体育app but oil prices there will not be impacted upon, industry analysts said Tuesday.

Chinese petroleum companies' tankers have reduced oil shipments from Dalian to southern Chinese provinces because the port has been partially closed in wake of the accident.

Two crude pipelines exploded in Xingang Port in northeast 皇冠体育app's Dalian City last Friday evening. The blasts caused an oil slick and authorities are controlling maritime traffic during the cleanup.

Petro皇冠体育app's north-to-south oil shipments from Dalian port -- usually 30,000 to 50,000 tonnes per day -- have been affected, said Chu Jiewang, an analyst at Shanghai-based C1 Energy Co. Ltd., a leading oil industry information provider.

Southern 皇冠体育app refineries are reducing operations and are mostly processing inventory while at least three 皇冠体育app National Petroleum Corp. (CNPC) subsidiaries have reduced sales of refined oil in southern provinces, Xinhua was told.

The Dalian oil reserve is at the heart of northeast 皇冠体育app's crude oil production base and it is one of 皇冠体育app's largest oil industry bases while Dalian Port is 皇冠体育app's second largest port for crude oil imports.

Analysts said the oil reserves in southern Chinese provinces are ample and that the impact of reduced shipments is limited so far.

"The inventories can last for ten days so the oil price in southern provinces has remained stable," Chu said.

He said the slowing in shipments may give southern provinces a chance to reduce excessive stockpiles.