Sinopec Plans to Cut September Oil Processing by 4% at Refinery in Hainan

China Petroleum & Chemical Corp., Asia’s biggest refiner, will process 4 percent less crude oil at its Hainan plant in September compared with last month, an official at the refinery said.

The plant will process 720,000 metric tons of crude this month, or about 176,000 barrels a day, compared with 750,000 tons in August, said the official, who declined to be identified because of company rules.

The plant in southern China’s Hainan Island has an annual capacity of 8 million tons, or 160,000 barrels a day.

--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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