Oil Refining Production and Operation
Crude oil runs grew.Growth in crude oil runs was realized through increasing oil products export and meeting the diversified demands for chemical feedstock and oil products at home. In 2017, we processed in total 240 million tons of oil with an increase of 1.2%, produced 151 million tonnes of oil products with an increase of 1.0%.
Product slate continued to optimize.Production scheme was adjusted and optimized. We adopted LTAG technology and FCC catalyst for boosting gasoline production to produce more gasoline, optimized hydrocracking and jet fuel hydrotreating units to increase jet fuel production, enhanced the coordination between production and marketing to explore markets,adjusted product slate based on market conditions and profitability, and achieved remarkable results in efficiency enhancement. Gasoline production increased by 1.2% for the whole year and jet fuel production increased by 5.6%. Diesel to gasoline ratio was 1.17:1, lowering by 0.02 unit.
Quality upgrading completed smoothly.In 2017, we pushed forward
the demanding quality upgrading project despite multiple frequencies in
addition to multiple standards. New projects such as diesel hydrogenation
in Zhenhai subsidiary, catalytic diesel conversion in Changling and Anqing
subsidiaries went into smooth operation. 4 diesel hydrogenation units were
added a second reactor as scheduled. We optimized production scheduling
and product blending and strengthened the coordination between
production and sales. Quality upgrading was finished smoothly and ahead
of schedule: January 1, 2017 saw Beijing Ⅵ quality upgrading of vehicle
gasoline and diesel; national Ⅵ quality upgrading of vehicle gasoline and
diesel was realized in “2+26” (Beijing, Tianjin and other 26 cities in North
China) cities on July 1, 2017; sulfur content of regular diesel was lowered to
50ppm and 10ppm respectively in April and September. All above ensured
Sinopec's continued leadership in oil products quality in China.