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PetroChina Jinzhou to raise April crude runs 16%

(Agencies)
Updated: 2009-04-02 14:56

Related readings:  PetroChina among world's 10 most profitable firms  PetroChina hit by refining loss  PetroChina's net profit for 2008 down 22%  PetroChina Xinjiang to boost oil storage by 60%

PetroChina will increase the crude processing rate at its Jinzhou refinery by 16 percent in April from March, amid signs of a demand recovery, an industry source said on Thursday.

"The plant will restart another crude processing facility in mid-April, following a recovery in demand at the end of March," the source said.

Jinzhou, with crude capacity of 140,000 barrels per day, shut down a 60,000-bpd crude unit in December on concerns of excess supply and weak demand.