Two South Korean oil refiners are planning to shut down some or all of their main crude distillation units (CDUs) this year for regular maintenance work, industry sources have said.
LG-Caltex Oil Corp, the country’s second-ranked refiner with a capacity of 650,000 barrels per day (bpd), would shut two of its four CDUs this year, industry sources said.
The refiner’s 130,000-bpd capacity No 2 CDU would be closed in September for a month of maintenance work, while its 270,000 bpd No 4 CDU would be shut for about a month from early April, they said.
LG-Caltex is a 50:50 joint venture between South Korea’s LG Group and ChevronTexaco Corp.
S-Oil Corp, South Korea’s third-biggest refiner with a 570,000 bpd capacity, would close all three of its CDUs in May for regular turnaround.
