China Petroleum & Chemical Corp.'s Hainan refinery will process 7 percent less oil in January compared with a month earlier because of scheduled maintenance of a refining unit, a company official said.
 
The plant will shut a 3.1 million metric ton-a-year, or about 62,200 barrels a day, hydro-treating unit later this week for a month, said the official, who declined to be identified because of company rules. Oil-processing volume will fall to 700,000 tons from 750,000 tons in December, he said.
 
The refinery in southern China’s Hainan Island aims to process more crude oil in 2011 from about 8.3 million tons this year as it won’t conduct full-plant maintenance as it did this year, he said, without giving the exact processing volume. The refinery under China Petroleum, Sinopec, has a designed capacity of 8 million tons a year and can be run 10 percent beyond its designed capacity.
 
 
SOURCE: businessweek.com
   
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