Home / Knowledge / News / Textiles / Asian refinery production rates down
Asian refinery production rates down
14
Oct '10
In Pakistan, oil refinery production declined by a significant 14 per cent to only 1.8 million tons during the third quarter of 2010, due to the floods, which brought to a halt, some of the operations.

In the same quarter, oil refineries in Middle-East Asia too remained underutilized. Experts are of the opinion that, refinery run rates among the key Middle East refineries will remain subdued until at least the end of 2010.

Output rate of oil refineries in Taiwan, Japan and Korea is also likely to remain below the average of the last five years (Taiwan - 75%, S Korea - 84% and Japan - 78%), until at least the first quarter of 2011.

From 2004-2008, refineries in Japan, Korea and Taiwan witnessed a combined average production rate of 87%. However, over the past 12 months it has dropped to 78.5%.

Singapore's cracking margins too remained weak in the second half of 2010 and stood below US $1.55 / bbl and the average is expected to be $1.50 / bbl in the first half of 2011.

Further capacity additions in the Middle East, from where the next wave of projects, scheduled for 2014-2016 is at present under uncertainty. Deferrals and cancellations are expected to curtail the size of the next wave.

Market research analysts expect that between 2010 and 2020, China and India will add 6.16 mmb / day of CDU capacity, which would be more than 90% of the total net Asian capacity additions during the same time period.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search