ZRCC Takes Combination of Measures in Response to Surging Market

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.

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2015-01-28