Tuesday, June 12, 2012

Sinopec’s Tianjin refinery to stop buying Iran condensate in Q3-2012 due to planned overhaul

Sinopec Corp's Tianjin refinery will stop buying Iran's South Pars condensate from July through September partly because of a planned major plant overhaul, as per Reuters. Tianjin Petrochemical Corp, a unit of state refiner Sinopec Corp, plans to shut down its 300,000 bpd crude processing facilities and a 1 million tpa ethylene complex from mid-August till the end of September.

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