SINGAPORE: Australian oil refiner Caltex is planning to shut its 109,000 barrels-per-day Lytton refinery in Brisbane for a planned maintenance in the first half of 2015, a company spokesman said on Thursday.
The refinery will be shut for a major turnaround and inspection, the spokesman said, declining to provide exact dates or how much oil products the company will have to import due to the shortfall.
A source close to the matter said that the maintenance will be held over May to June.
The company said in its 2014 full year results earlier this year that the turnaround will be held for about seven weeks in the second quarter of this year.
Scheduled maintenance and upgrade work will occur on a 38,500 bpd fluidised catalytic cracking unit (FCCU), a reformer and benzene hydrogenation unit, the spokesman said.
He added that maintenance will also be carried out on the polymerisation and solvent units.
Diesel cargo flows to Australia have increased in the past few weeks pushing up premiums for the 10 ppm sulphur diesel grade to a more than three month high, traders said.
This increased cargo flow has been pushing up tanker rates for medium-range (MR) sized vessels, shipbrokers said.
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