PetroChina, major supplier in the province, had to reduce oil product transmission volume of Lanzhou-Chengdu-Chongqing Oil Product Pipeline, which has already been cut earlier due to turnaround of Lanzhou Petrochemical.
The oil giant rationed oil product supplies in most areas of Sichuan ahead of a new round of rainstorm in order to ensure enough supply for likely new disaster relief.
PetroChina Sichuan recently collected an emergent meeting and announced to make an emergency disaster plan.
Since last Friday, the company has suspended gasoil wholesale business and rationed gasoline supply in the capital city of Chengdu, offering at wholesale ceiling of Yuan 7,150/mt for zero pour point gasoil and Yuan 8,355/mt for 93-Ron gasoline.
The other oil major Sinopec controlled its gasoil wholesale supply at about 1,000mt a day at prices of Yuan 7,050-7,100/mt in Sichuan at present.
However, the supply tension imposed no obvious impact on Sichuan gasoil market at the moment, as demand from local industrial end-users declined and bearish crude market dampened speculative demand.
China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html
