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To: bearcub who wrote (20)	5/14/1999 7:59:00 AM
From: bearcub	of 52

hydrocracking, middle distillates, big fire, 3.1% spike in price: Korea 5/13/99 Korean Refinery Fire Boosts Asian Prices 06:07 a.m. May 13, 1999 Eastern SINGAPORE (Reuters) - A fire in a key unit of South Korea's Ulsan oil refinery, the world's biggest, sent Asian gas oil prices soaring Thursday. SK Corp has a 34-percent market share in South Korea. A spokesman for SK Corp said the fire broke out at 0510 GMT in a 30,000-bpd hydrocracker, which uses fuel oil to make middle distillates and an associated 30,000-bpd desulphuriser unit which makes low sulphur fuel oil. Both units are used to make high value oil products. The fire was brought under control within two hours. The company said two or three people were injured but had no other details immediately. Hydrocrackers can be volatile because highly flammable hydrogen is at the center of the process to break down the feedstock into premium oil products. Copyright 1999 Reuters Limited

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