Sinopec retools Tianjin crude unit for Iran condensate-source

Reuters: China’s Sinopec Corp is retooling an idled crude distillation unit at its Tianjin refinery into a condensate splitter to process Iran’s South Pars condensate, an industry official told Reuters on Tuesday.

BEIJING, Feb 22 (Reuters) – China’s Sinopec Corp is retooling an idled crude distillation unit at its Tianjin refinery into a condensate splitter to process Iran’s South Pars condensate, an industry official told Reuters on Tuesday.

Sinopec’s plant in the northern port city will turn a 50,000 barrels per day (bpd) crude unit into a splitter able to process 1 million tonnes per year of Iranian condensate, or roughly 23,500 bpd.

“The revamp work should be completed around March/April. The new facility should be ready to process its first South Pars condensate cargo in April,” said the official with direct knowledge of the situation. (Reporting by Chen Aizhu; Editing by Jonathan Hopfner)