PetroChina to Shut Half of Oil Processing Capacity in Lanzhou to Fix Fault
PetroChina Co., the country’s second- biggest oil refiner, plans to shut almost half of the processing capacity of its Lanzhou plant next week to repair a fault at a secondary unit, a refinery official said.
The plant’s 3 million metric-ton-a-year catalytic cracker will be closed for about 15 to 20 days from Aug. 10 for repairs, the official said by phone from the refinery, declining to be named because of company rules. The plant will shut its 5 million ton-a-year crude distillation unit accordingly, he said.
The refinery has two crude distillation units with a total capacity of 10.5 million tons a year. The distillation units heat up crude and separate it into oil products, while a catalytic cracker upgrades the products separated by the process to get higher-value fuels including gasoline.
The plant in the northwestern province of Gansu will step up production for the rest of the year to meet its annual processing target of 10.5 million tons, or 77.6 million barrels, the official said.
PetroChina’s refineries processed a total of 829 million barrels of crude last year, according to its annual report.
--Winnie Zhu. Editors: Ryan Woo, Clyde Russell.
To contact the reporter on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net
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