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China's August crude runs rise, but among lowest in a year

(Reuters)
Updated: 2013-09-11 08:58
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China's refinery crude throughput rose 5.5 percent in August from a year ago to about 9.36 million barrels per day (bpd), but the rate was still among the lowest over the past 12 months due to increased plant maintenance.

The National Bureau of Statistics said Tuesday that Chinese refineries processed 39.74 million tons of crude oil last month, or 9.36 million bpd - the third lowest rate since September 2012, according to bureau data.

The August level was down from 9.49 million bpd in July.

Oil majors PetroChina and Sinopec Corp began another round of refinery maintenance in August after a break in June and July, shutting in a combined 670,000 bpd crude run capacity at five subsidiary plants. Most of the repair work will last through end September.

For the first eight months of the year, crude runs rose 4.7 percent on a year ago to 317.16 million tons, or about 9.53 million bpd, the bureau said.

 

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