Core Viewpoint - The Shijiazhuang refining and coking unit has achieved a new record of continuous stable operation for 17 months as of the end of September, highlighting the effectiveness of management and operational strategies in enhancing the unit's performance [1] Group 1: Operational Achievements - The coking unit is crucial for improving the company's raw material adaptability and product diversity [1] - Since its commissioning in 2021, the company has focused on extending the operational cycle of the unit through a dedicated technical team [1] - The implementation of a performance assessment mechanism linked to long-cycle operation goals has effectively motivated the operational teams [1] Group 2: Management and Improvement Strategies - The company has made precise adjustments to key parameters of the coking unit to continuously improve operational conditions [1] - A competitive atmosphere has been fostered through team competitions based on key performance indicators, enhancing overall employee operational skills [1] - A tiered inspection system involving operators, professional engineers, and management has been established to ensure comprehensive monitoring of equipment status [1] Group 3: Future Plans - The company is currently conducting a furnace cleaning operation on the coking unit to further enhance management practices [1] - Ensuring safe and stable operation remains a priority, with ongoing optimization efforts aimed at contributing to the company's high-quality development [1]

Core Viewpoint - Alberta province in Canada is considering financial investments in Japan's refining industry to reduce its reliance on oil exports to the United States [1] Group 1: Investment Strategy - Alberta government is in preliminary talks with several Japanese refining companies to explore joint ventures for funding the construction of coking facilities [1] - This would enable Japanese companies to process heavy crude oil produced from Alberta's oil sands [1] - If an agreement is reached, it would mark Alberta's first overseas investment in energy infrastructure [1] Group 2: Market Implications - The initiative aims to leverage the increased oil transportation capacity along the Pacific coast from the recently operational expansion of the Trans Mountain pipeline [1] - Collaborating with Japan could enhance the utilization of this pipeline and support Alberta's plans for new export pipeline projects [1] Group 3: Japanese Refining Capacity - The coking facilities will improve Japan's ability to process heavy crude oil, as most of its refining facilities currently cannot handle high-sulfur heavy crude [1] - Japan's crude oil imports are primarily reliant on the Middle East [1] Group 4: Canadian Oil Export Landscape - Canada is the world's fourth-largest oil producer, but Alberta, as its core production area, is landlocked with limited port resources [1] - Approximately 90% of Canada's crude oil exports are transported to the U.S. via north-south pipelines [1]