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CHINA DATA\: Dec crude oil throughput falls as refiners cut monthly run rate to 78%

CHINA DATA: Dec crude oil throughput falls as refiners cut monthly run rate to 78% China’s crude throughput fell slightly in December, with both state-run and independent refiners posting lower run rates due to some maintenance works toward the year-end, latest industry data and information collected by S&P Global Platts showed. State-run PetroChina’s average run rate fell this month due to maintenance at its subsidiary refineries, while another state-owned Sinopec’s run rates at its refineries were relatively steady from November. The average run rate of the four state-owned oil majors, Sinopec, PetroChina, CNOOC and Sinochem, stood at around 78% to date in December, compared with the 80% average in November, according to the data.

REFINERY NEWS ROUNDUP: Run rates edge up at China s state-owned refineries in Nov

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.

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