Sinopec Zhenhai Refinery 2009 Crude Throughput Down On Year
Write:
Cordell [2011-05-20]
SHANGHAI -(Dow Jones)- China Petroleum & Chemical Corp. (SNP)'s 462,000- barrel-a-day Zhenhai refinery in east China processed the largest volume of crude oil last year among domestic refineries, but its crude throughput fell.
Zhenhai refinery processed 19.17 million metric tons of crude oil last year, equivalent to around 385,000 barrels a day compared with 19.36 million tons in 2008, according to a report posted Monday on the Web site of parent company China Petrochemical Corp., or Sinopec Group.
The decline in crude throughput came after the nation's refineries curbed operation rates during the first quarter of last year due to weak fuel demand amid the global economic slowdown.
The Zhenhai refinery processed about 4 million tons of sour, heavy crude in 2009, Sinopec said.
The refinery increased gasoline output at the expense of diesel, while also boosting production of liquefied petroleum gas in line with market demand, it said without providing further details.
Sinopec plans to carry out major maintenance for a month starting at end- February at Zhenhai, including on a vacuum distillation unit with an annual crude-oil processing capacity of 6 million tons, a refinery official said Friday.
China's second-largest refinery, Dalian Petrochemical Co., run by PetroChina Co. (PTR), processed 16.03 million tons of crude oil, or 322,000 barrels a day, last year, rising 12% on year, according to the Dalian Daily.