ZRCC Takes Combination of Measures in Response to Surging Market
Facing
the
turbulence
oil
product
market,
ZRCC
has
taken
a
combination
of
measures
to
cope
with
the
risk.
During
the
first
11
months
of
2014,
ZRCC
had
processed
19.1162
million
tons
of
crude
oil,
produced
10.54
million
tons
of
oil
products
(gasoline,
diesel
and
kerosene)
and
875,300
tons
of
ethylene
with
a
stable
leading
position
of
profit
and
operating
revenue
of111.5
billion
Yuan.
ZRCC
attached
great
importance
to
reduce
crude
inventory
and
lower
the
inventories
of
main
feedstocks
and
products
of
refining
and
chemical
sectors
at
the
same
time.
Furthermore,
ZRCC
spared
no
efforts
to
adjust
the
product
mix
and
maximize
the
production
of
high-valued
products;
increase
the
ratio
of
cheap
LPG
in
the
fuel
gas
in
order
to
expand
the
margin;
took
appropriate
measures
to
keep
the
stable
and
optimized
operation.
Even
with
the
unprecedented
scale
of
turnaround
last
year,
involving
refining,
ethylene
and
olefin
plants,
ZRCC
still
enjoyed
the
leading
position
in
terms
of
energy
consumption.