REFINERY NEWS ROUNDUP: Run rates edge up at China’s state-owned refineries in Nov
China’s state-owned refineries planned to increase crude throughputs in November by an average of one percentage point month on month to 79.8% of capacity, data collected by S&P Global Platts showed.
The state-owned oil giants’ 39 refineries 20 Sinopec refineries, 17 PetroChina refineries, CNOOC’s Huizhou Petrochemical and Sinochem’s Quanzhou Petrochemical planned to process 7.07 million b/d of crude in November, accounting for 79.8% of their combined nameplate capacity of 8.86 million b/d.
China’s independent refineries planned to keep run rates broadly unchanged from October, except Zhejiang Petroleum & Chemical, which raised throughput as part of trial runs at its new 10 million mt/year CDU.