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GS Caltex Corp.s oil refinery remained shut

January 19/2011

(Bloomberg) -- GS Caltex Corp.s oil refinery at Yeosu Industrial Complex in South Korea remained shut after a power failure yesterday, company officials in Seoul said. Most plants, including all crude distillation units, were closed and it may be difficult to restart operation today, said the officials, who wouldnt be identified, citing company policy.


GS Caltex, South Koreas No. 2 oil refiner, has four distillation units in Yeosu with a total capacity of 750,000 barrels a day.

The complex 455 kilometers (282 miles) south of Seoul lost power at 4:10 p.m. local time yesterday and electricity supply was restored about 20 minutes later, according to GS Caltex. The Yeosu complex includes the plants of about 30 oil and petrochemical companies including GS Caltex, LG Chem Ltd., Yeochun NCC Co. and Honam Petrochemical Corp.

Yeochun NCC, the countrys biggest ethylene producer, didnt shut any of its three naphtha crackers at the complex, a company official in Seoul said by phone yesterday.


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