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China's crude throughput to fall in July on independent refiner cuts, quota limits

China’s crude throughput to fall in July on independent refiner cuts, quota limits
China’s crude throughput in July will likely fall slightly from the record high in June as expected cuts by private refiners over the month amid adverse weather offset the impact of mostly steady run rates at state-owned refiners.
The average utilization rate of China’s four state-owned refineries was around 82% in July, steady compared with 82.4% in June, a four-month high, according to S&P Global Platts July 26. The four state-run oil companies Sinopec, PetroChina, CNOOC and Sinochem plan to process a total 32.06 million mt of crudes, or 7.58 million b/d of crude in July, against their nameplate capacity of 9.24 million b/d. This compared with their earlier plan of processing 31.07 million mt, or 7.59 million b/d, of crude in June. ....

Zhejiang Petroleum Chemical , National Bureau Of Statistics , Luoyang Petrochemical , Jilin Petrochemical , National Bureau , Gaoqiao Petrochemical , Quanzhou Petrochemical , Zhejiang Petroleum , Hengli Petrochemical , Cangzhou Petrochemical , Maoming Petrochemical , Qilu Petrochemical , Shijiazhuang Petrochemical , Guangzhou Petrochemical , Fujian Refining , ஜெஜியாங் பெட்ரோலியம் இரசாயன , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , தேசிய பணியகம் , க்வாந்ஶூ பெட்ரோ கெமிக்கல் , ஜெஜியாங் பெட்ரோலியம் , மாோமிங் பெட்ரோ கெமிக்கல் , குவாங்சோ பெட்ரோ கெமிக்கல் , புஜியன் சுத்திகரிப்பு ,

Analysis: Sinochem, ChemChina merger to bring flexibility to oil business, expand in chemicals

Singapore
The much anticipated merger of Sinochem Group with ChemChina has paved the path to create an oil-to-chemicals giant that analysts said would give the companies flexibility to share oil trading and refining expertise to maximize margins in a competitive market, as well as boost the ability to produce more downstream products to support a fast-growing chemicals industry.
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For the oil segment, some of the key benefits of the merger would be the sharing of retail outlets, oil product quotas, feedstock resources as well as refining expertise, analysts and trade sources said. ....

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CHINA DATA: Throughput to ease from 7-month highs as refineries set to go offline

CHINA DATA: Throughput to ease from 7-month highs as refineries set to go offline
China’s crude throughput in March is expected to ease from seven-month highs seen in February, as refiners embark on a much delayed maintenance spree after postponing them last year in the wake of COVID-19, a move that could put downward pressure on oil products availability.
About 50 million mt/year of refining capacity at six state-owned refineries five from Sinopec and one from CNOOC is expected to be shut over the March-April period, while May could also witness some maintenance, albeit at a relatively lower capacity level, latest industry data and information collected by S&P Global Platts showed. ....

Zhejiang Petroleum Chemical , Changling Petrochemical , Jinan Petrochemical , Cangzhou Petrochemical , Yunnan Petrochemical , Sichuan Petrochemical , North China , Quanzhou Petrochemical , Hengli Petrochemical , Zhejiang Petroleum , Northeastern China , Zhenghe Petrochemical , Jiujiang Petrochemical , Shanghai Petrochemical , Yanshan Petrochemical , Yangtze Petrochemical , Jilin Petrochemical , Fushun Petrochemical , Maoming Petrochemical , Shijiazhuang Petrochemical , Guangzhou Petrochemical , ஜெஜியாங் பெட்ரோலியம் இரசாயன , ஜினன் பெட்ரோ கெமிக்கல் , யுன்னன் பெட்ரோ கெமிக்கல் , ஸிச்வாந் பெட்ரோ கெமிக்கல் , வடக்கு சீனா ,

China's state-run refineries, modern integrated plants embrace new Iraqi Basrah Medium crude

China’s state-run refineries, modern integrated plants embrace new Iraqi Basrah Medium crude
China is poised to receive about 21 million barrels of the new Iraqi crude grade Basrah Medium by mid March, with most of these shipments expected to be processed by the country’s integrated refining complexes and newly built plants, according to latest shipping data and refining industry sources with close knowledge of the matter.
In January, Iraq’s State Oil Marketing Organization introduced the new Basrah Medium grade to split Basrah Light into two crudes to support the stability of its crude export streams.
Having a gravity of around 27.9 API and sulfur content of 3%, Basrah Medium has attracted plenty of buying interest from China’s state-owned refiners Sinopec and Sinochem, as well as privately held Hengli Petrochemical (Dalian). ....

Al Basrah , Saudi Arabia , Norinco Huajin , Saudi Aramco , Qatar Petroleum , Kuwait Petroleum Corp , Iraq State Oil Marketing Organization , Basrah Medium , State Oil Marketing Organization , Basrah Light , Hengli Petrochemical , Quanzhou Petrochemical , Sinopec Guangzhou Petrochemical , Platts Dubai , Platts Oman , Middle Eastern , Arab Medium , Arab Heavy , Kuwait Petroleum , Kuwait Export Crude , Guangxi Petrochemical , Sinopec Luoyang Petrochemical , Luoyang Petrochemical , சவுதி அரேபியா , சவுதி அரம்கோ , கத்தார் பெட்ரோலியம் ,

CHINA DATA\: Dec crude oil throughput falls as refiners cut monthly run rate to 78%

CHINA DATA: Dec crude oil throughput falls as refiners cut monthly run rate to 78%
China’s crude throughput fell slightly in December, with both state-run and independent refiners posting lower run rates due to some maintenance works toward the year-end, latest industry data and information collected by S&P Global Platts showed.
State-run PetroChina’s average run rate fell this month due to maintenance at its subsidiary refineries, while another state-owned Sinopec’s run rates at its refineries were relatively steady from November.
The average run rate of the four state-owned oil majors, Sinopec, PetroChina, CNOOC and Sinochem, stood at around 78% to date in December, compared with the 80% average in November, according to the data. ....

Zhejiang Petroleum Chemical , Quanzhou Petrochemical , Yunnan Petrochemical , Southwestern China , Sichuan Petrochemical , Dalian Wepec , Daqing Petrochemical , Far East Russian , Jinling Petrochemical , Qingdao Petrochemical , Wuhan Petrochemical , Qilu Petrochemical , Hengli Petrochemical , Northeastern China , Zhejiang Petroleum , Changling Petrochemical , ஜெஜியாங் பெட்ரோலியம் இரசாயன , க்வாந்ஶூ பெட்ரோ கெமிக்கல் , யுன்னன் பெட்ரோ கெமிக்கல் , தென்மேற்கு சீனா , ஸிச்வாந் பெட்ரோ கெமிக்கல் , இதுவரை கிழக்கு ரஷ்ய , வடகிழக்கு சீனா , ஜெஜியாங் பெட்ரோலியம் ,