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October 20, 2017

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China’s oil refineries processing volumes up

China’s oil refineries increased their run rates by 12.7 percent to a record for September, data showed yesterday, after a major new state-run refinery launched operations and independent plants came back on stream after maintenance.

Processing volumes in September were up 12.7 percent compared with the same month a year ago at 49.34 million tons, or 12 million barrels per day. That was also an increase on August’s 11.1 million bpd, according to data from the National Bureau of Statistics.

For the first three quarters of the year, refinery output rose 4.7 percent from the same period last year to 418.4 million tons.

China National Offshore Oil Co’s 200,000-bpd Huizhou plant, in Guangdong Province, started test runs in late September, becoming the second new major refinery brought on stream this year.

PetroChina started trial production at its 260,000 bpd Yunnan plant, near the southwestern city of Kunming, at end of June.

Meanwhile domestic crude oil production fell 2.9 percent on year to 15.53 million tons, or 3.78 million bpd.

Natural gas production rose 10.7 percent in September over the same month a year ago to 11.2 billion cubic meters.

Meanwhile, coal production rose slightly in September from a month earlier, as miners increased operations to take advantage of rising prices after environmental and safety checks in August curbed output. China produced 298 million tons of coal last month, up 2.4 percent from August and 7.6 percent from a year ago, data released by the National Statistics Bureau showed yesterday.


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