Citgo Petroleum Corp., Houston, has completed a turnaround at its Lake Charles, La., refinery, increasing nameplate crude oil processing capacity at the complex by 38,000 b/d to 463,000 b/d, and bringing the total nameplate capacity of the Citgo refining system to 807,000 b/d.
The company’s Lemont refinery achieved record crude processing of 187,000 b/d in March, representing nearly 106% utilization of the total nameplate capacity.
The updates were part of Citgo’s first-quarter 2023 financial and operational report released May 10.
During the quarter, Citgo invested $127 million in turnaround and catalysts and incurred an additional $53 million of capital expenditures.
Favorable refining margins and product yields combined with strong asset reliability contributed to a first-quarter 2023 net income of $937 million, compared with net income of $806 million for fourth-quarter 2022, the company said.
Crude oil processing in the first quarter was 772,000 b/d, with crude capacity utilization of 96%, compared with 797,000 b/d and 104% crude capacity utilization in fourth-quarter 2022.
Total throughput for the quarter was 814,000 b/d, of which crude runs were 772,000 b/d, with a total crude utilization rate of 96%. This compares with total throughput of 874,000 b/d, of which crude runs were 797,000 b/d with crude utilization rate of 104% in fourth-quarter 2022.
