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Sinopec Qingdao refinery to start major overhaul

May 16/2019

MOSCOW (MRC) -- Sinopec Corps subsidiary refinery in Qingdao plans to shut down facilities later this month for a planned major overhaul, reported Reuters with reference to the state-run refiner's statement on its website.

Facilities will be switched off on May 25, Sinopec said, without giving further details.

The refinery in the eastern Chinese port city of Qingdao has a nameplate crude processing capacity of 10 million tonnes a year, or 200,000 barrels per day.

As MRC wrote before, in Septermber 2018, China's Sinopec Corp joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude. State-owned Sinopec, formally known as China Petroleum & Chemical Corp, along with an Alberta indigenous group, China State Construction Engineering Corp and Alberta management company Teedrum, plan to build a refinery to process 167,000 barrels per day of crude into gasoline and other products.

Sinopec Corp. is one of the largest scale integrated energy and chemical company with upstream, midstream and downstream operations. Its principal business includes: exploring, developing, producing and trading crude oil and natural gas; producing, storing, transporting and distributing and marketing petroleum products, petrochemical products, synthetic fiber, fertilizer and other chemical products. Its refining capacity and ethylene capacity rank No.2 and No.4 globally. Sinopec listed in Hong Kong, New York, London and Shanghai in August 2001. Sinopec Group, the parent company of Sinopec Corp., is ranked the 5th in Fortune Global 500 in 2012.


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, Sinopec, Canada, China.
Category:General News
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