Related News
CNOOC's first refinery in south to run at 70%
Source: Agencies |
May 5, 2009, Tuesday
|
Print Edition
Print Edition
CNOOC'S first major refinery in southern China will run at 70 percent capacity in May, in line with earlier forecasts, and the refiner is working to obtain permits to export fuel before any big boost in operations, an industry official said yesterday.
The 70 percent ratio at the 240,000 barrel-per-day Huizhou refinery, which started in mid-March, compared with an average of more than 85 percent at major plants under refining giants Sinopec Corp and PetroChina, signalling still slow Chinese fuel demand.
"Any big jump in operations will really depend on domestic consumption and also outlets in the international markets," an official close to Huizhou's operations told Reuters.
The conservative operation rate, partly due to technical reasons to ensure safe runs at a newly-started refinery, may extend through June, according to the official.
CNOOC, new to China's refining business long controlled by Sinopec and PetroChina, has yet to obtain special export quotas for diesel and gasoline that are free from a 17-percent value added tax.
The 70 percent ratio at the 240,000 barrel-per-day Huizhou refinery, which started in mid-March, compared with an average of more than 85 percent at major plants under refining giants Sinopec Corp and PetroChina, signalling still slow Chinese fuel demand.
"Any big jump in operations will really depend on domestic consumption and also outlets in the international markets," an official close to Huizhou's operations told Reuters.
The conservative operation rate, partly due to technical reasons to ensure safe runs at a newly-started refinery, may extend through June, according to the official.
CNOOC, new to China's refining business long controlled by Sinopec and PetroChina, has yet to obtain special export quotas for diesel and gasoline that are free from a 17-percent value added tax.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
