Others News
- Sinopec shuts Shanghai crude unit
Date: 21-Aug-2007 Sources: (Shenzhen Daily)
SINOPEC Corp.'s Gaoqiao refinery shut its main crude unit yesterday for a planned three-month retooling, in line with an earlier schedule, an industry official said.
The shutdown of the 160,000 barrels-per-day (bpd) facility may prompt the top refiner to cut exports or raise imports of refined fuels to replenish stocks, as production at the Shanghai-based plant is due to drop nearly 70 percent over the period. After the retooling, which involves new crude furnaces made of anti-corrosion materials, the refinery will be able to process more high-sulphur, normally cheaper, crude oil.
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