Turnarounds to cut runs further

摘要

Persistently weak margins have spurred refiners to sharply cut output since the fourth quarter of last year, and maintenance will cut runs further. Austria’s OMV will shut its 200,000 b/d Schwechat refinery in Austria for 15 days for crude unit maintenance in the second quarter. And it will carry out a 40-day turnaround at its 68,000 b/d Burghausen refinery in Germany in the fourth quarter. Finland’s Neste planned to shut its 197,000 b/d Porvoo refinery for decoking maintenance for five weeks in the first quarter. And Portugal’s Petrogal is starting a 45-day general shutdown at its 220,000 b/d Sines refinery this month.