14% cut in crude processing by Sinopec at Jinling

03-Dec-08

Asia's largest refiner - Sinopec, is mulling an additional 14% cut in crude processing in December at its Jinling refinery from November levels. Jinling plans to process 195,500 bpd of crude oil in December, down from the 226,300 bpd in November. A planned maintenance and weak demand are the main reasons for this reduction, along with inadequate fuel consumption and declining petrochemical prices. Overhauling commenced at the 270,000 bpd plant of a 50,000 crude oil unit along with shutdown of a 1 mln tpa hydrocracker and a 1.6 mln tpa delayed coking unit.