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Chinas CNOOC plans Huizhou refinery turnaround
1/17/2021 12:00:00 AM

Chinese state-owned refiner CNOOC is planning a turnaround at its flagship 440,000 b/d Huizhou refinery in February-April, market participants said.
CNOOC will carry out the scheduled turnaround at a 200,000 b/d crude distillation unit (CDU) from late February until April, traders said, although this could not be confirmed with the company. Downstream units including a reformer, hydrotreater and fluid catalytic cracker are expected to be taken off line as well.
CNOOC is a key exporter of gasoline and gasoil, most of which heads to southeast Asia. It has so far sold about two 295,000 bl medium range (MR) cargoes of gasoline through spot tenders for loading in January, after selling four MR cargoes (38,000 b/d) for December 2020 loading.
Gasoline offers from the refiner are likely to slow in February because of the shutdown, although the impact could be offset by a rise in offers from private-sector Rongsheng's 800,000 b/d ZPC refinery. The Chinese government recently awarded a 2mn t export quota under general trade terms to ZPC. Most of its exports are likely to be gasoline, traders said.
CNOOC is due to sell a 35,000t 92R non-oxy gasoline cargo for 20-21 February loading. The shutdown will have a bigger impact on the non-oxygenated market after the refiner changed its gasoline specifications.
The Huizhou refinery can produce around 71,000 b/d of gasoline, 152,000 b/d of diesel and 52,000 b/d of jet fuel at full capacity.
Source: Argus
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