Sinopec plans to cut the planned processing volume

2022-09-24
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Sinopec plans to reduce the planned processing volume of crude oil in the second quarter

under the pressure of refined oil storage, Sinopec plans to reduce the planned processing volume of crude oil in the second quarter by 1.5 million tons, from 59.8 million tons previously to 58.3 million tons

the planned processing volume of Sinopec crude oil in April may be reduced by 10 compared with the original plan, and the oil output of the oil return pipe of the oil delivery valve is 0 million tons, but the total processing volume of the planned import and export trade with Southeast Asia is not clear for the time being

according to Sinopec refineries, the main reason for the decline is the gradual rise in the inventory of refined oil products and the formation of inventory pressure. In addition, refineries with poor refining profits and operating indicators or naphtha that are difficult to balance will become the main targets for reducing the planned processing volume by opening the oil delivery valve

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