Sinopec to close 10 million tonnes of refining capacity

By an OGJ Online Correspondent

BEIJING, Oct. 3 -- China Petrochemical Corp. (Sinopec) plans to close inefficient oil refining units with a combined capacity of 10 million tonnes in the next 3 years.

About 50% of the capacity slated for closure will come from subsidiary China Petroleum & Chemical Corp. (Sinopec Corp.)

Sinopec processed 111.77 million tonnes of crude oil last year, with 105 million tonnes run by Sinopec Corp.

Sinopec has already closed down refining units with a combined capacity of 5 million tonnes.

In addition to refining units, Sinopec will also close 15 inefficient chemical plants. No timetable or specifics were given.

PetroChina Co. Ltd. recently announced plans to close 16 million tonnes of refining units by 2005 (OGJ Online, July 31, 2001).

Related Articles

API: February US petroleum demand is highest since 2008

03/20/2015 Total US petroleum demand reached an average 19.3 million b/d in February—the highest level for the month since 2008, the American Petroleum Instit...

Total’s Donges refinery due 10-week shutdown, overhaul

03/20/2015 Total SA is planning a nearly 2-month shutdown of its 220,000-b/d Donges refinery near Saint Nazaire, France, on the Loire estuary, for a complete ...

Senate crude exports hearing raises price, logistics, safety issues

03/19/2015 Potential consumer price impacts dominated a US Senate Energy and Natural Resources Committee hearing examining whether to allow more exports of do...

Survey finds US refiners capable of processing more light, sweet crude

03/19/2015 US refiners have more than enough capacity to process the growing volumes of light, sweet crude oil that will be produced in the next few years, a ...

All first-phase units in operation at Abreu e Lima refinery, Petrobras says

03/19/2015 Petroleo Brasileiro SA (Petrobras) has commissioned the first of two 75,000-b/d delayed coking units at its Abreu e Lima refinery (Rnest) at the po...

Azerbaijan lets contract for refining, petchem megacomplex

03/18/2015 State-owned State Oil Co. of Azerbaijan Republic (SOCAR) has let a contract to Fluor Corp. to provide project management contractor services for it...

Puma Energy acquires Murco Oil’s shuttered Milford Haven refinery

03/17/2015 Singapore-based Puma Energy Group Pte. has purchased a series of UK midstream and downstream assets from Murco Petroleum Ltd., a subsidiary of Murp...

Shell wraps steam cracker revamp at German integrated complex

03/17/2015 Shell Chemicals Ltd., a subsidiary of Royal Dutch Shell PLC, has completed upgrades to improve efficiency and boost production volumes at its Shell...

NIS lets contracts for unit at Serbian refinery

03/16/2015 Serbia’s JSC Naftna Industrija Srbije (NIS) has let contracts to CB&I, Houston, for technology licensing and front-end engineering design for a...
White Papers

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by
Available Webcasts


OGJ's Midyear Forecast 2015

When Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

When Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST



On Demand

Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected