Cenovus Power Inc. says its refinery throughput for the third quarter of 2022 and the primary quarter of 2023 might be weaker than anticipated.
The Calgary-based oil firm says excessive winter climate, together with operational points and third-party pipeline outages, has negatively impacted its U.S. and Canadian refining operations.
Cenovus says its Lloydminster refinery ran at full manufacturing charges in December, however its Lloydminster upgrader and US refineries ran at decreased charges.
Learn extra:
Cenovus Power to spice up oil manufacturing in 2023
Learn subsequent:
Rising MMA star Victoria ‘The Prodigy’ Lee dies at 18
Whereas Cenovus says its Lima refinery has returned to full operation, its Wooden River refinery is at present working at 65 p.c capability and its Lloydminster upgrader and Borger refinery will not return to full operation till mid-January.
Cenovus says it now expects Canadian refinery throughput of 90 to 95 million barrels per day within the fourth quarter, and US refinery throughput of 370 to 380 million barrels per day.
Learn extra:
Cenovus CEO takes purpose at oil and fuel critics; says sector pays billions in taxes
Learn subsequent:
Adam Wealthy, former ‘Eight Is Sufficient’ little one star, dies at 54
The corporate says it can present an replace to its company steering for 2023 in February, if needed.
© 2023 The Canadian Press
