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In order to ensure the protection of earthquake relief, the “three summers†and the urgent need for oil for the Olympics, Sinopec will continue to reduce the production of ethylene and aromatic hydrocarbons and increase production of refined oil from June 1. It is expected that the ethylene production load will be reduced by 11% in June, and the aromatics production load will be reduced by 8%. This will fully safeguard the market supply of refined oil products.
The reporter learned from the Production and Operations Management Department that Sinopec will reduce the load on the ethylene plant and increase the production of refined oil while the refinery is maintaining full production. In June, Zhongyuan Ethylene, Eastern Ethylene, and Shanghai Petrochemical No. 1 and No. 2 ethylene plants were shut down or repaired in advance, and the ethylene load of Yanshan Petrochemical, Qilu Petrochemical, Maoming Petrochemical, Tianjin Petrochemical, Guangzhou Petrochemical, and Secco was reduced. The person in charge of the Ministry of Production and Operation Management stated that it expects to reduce the ethylene production load by 11% in June, which will reduce the production of ethylene by 65,000 tons in total and increase the refined oil output by 200,000 tons. At the same time, related companies will continue to reduce aromatics production and increase refined oil production, which is expected to reduce the aromatics production load by 8%.
Refining companies will fully focus on the refinery production and product structure adjustments, and on the premise of ensuring the quality of inspections, it will further reduce the duration of repairs and reconstructions of equipment and do its best to process crude oil. Sales companies are focusing on ensuring earthquake relief, “three summers†and the Olympic oil supply, actively organizing resource allocation, and making every effort to ensure the supply of refined oil products to ensure that refined oil products are exported, shipped, and supplied, and resources are put At the forefront of the market. At the same time, we must strengthen communication and coordination with local governments and PetroChina to jointly ensure the supply of refined oil products and ensure social stability. Efforts are being made to alleviate the tight market supply caused by the general suspension of supply and limited supply at the public service stations.
In addition, Sinopec Corp. also actively organizes the import of refined oil, and arranges for some local refineries to do "substitution processing." It is estimated that the total volume of refined oil imports in the second quarter will reach 2 million tons, and the local refineries will be commissioned to “submit†1.3 million tons of crude oil.
In June, only 65,000 tons of ethylene will be reduced to increase production of 200,000 tons of refined oil