Hong Kong-Chinese state-owned oil giants Sinopec and PetroChina plan to operate their mainland refineries at a combined average rate of 85% in May,little changed from the 84% utilization levels of last month,a Platts survey showed May 16.Platts surveyed 11 refineries owned by Sinopec,accounting for around 90 million mt/year(1.75 million b/d)or 55% of the integrated oil group's total refining capacity of 170 million mt/year.The refineries,in the southern and eastern provinces of China,have planned this month's average operating rate at 87%,or 7.55 million mt,compared with April's 86%,or 7.51 million mt.
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