Bloomberg News

Sinopec Gaoqiao Refinery Output Unaffected by Fire

May 10, 2010

(Corrects timing of refinery fire in second paragraph.)

Sinopec (386) Shanghai Gaoqiao Petrochemical Corp.’s fuel production units weren’t damaged after a naphtha tank caught fire, said an official from the refinery, who declined to be named because of company policy.

Oil-product output from the 226,000 barrel-per-day refinery remained normal, he said by phone today. The blaze at the 5,000 cubic-meter storage tank started at about 11:30 a.m. local time yesterday. Sinopec Gaoqiao has other operating naphtha tanks, he said.

The fire was put out after three hours, the official said. The company is investigating the cause of the incident, he said.

The refinery, which mainly supplies fuel to China’s commercial center of Shanghai, plans to start a 100,000 barrel- per-day crude distillation unit this year to replace an existing plant, a company official said in December. The facility may process 10.5 million metric tons of crude oil this year, according to the official in December.

Sinopec Gaoqiao is a unit of China Petroleum & Chemical Corp. (600028) Sinopec, as China Petroleum is known, also owns Sinopec Shanghai Petrochemical Co. (338), the city’s other refinery. Sinopec Shanghai is listed in Hong Kong and mainland China.

To contact the reporter on this story: Baizhen Chua in Beijing at bchua14@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net


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