Sinopec to cut crude oil processing by 4% at Hainan refinery in September
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.
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