PetroChina To Build Oil Refinery In Shangqiu, Central China

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PetroChina To Build Oil Refinery In Shangqiu, Central China

Published: 14-Sep-2009

PetroChina Company Limited (PetroChina) will construct a 10-million-tons per year refinery in Shangqiu, central Henan region, Xinhua News Agency reported. The company is arranging environmental assessment, which is the last procedure before applying for consent to the National Development and Reform Commission. The refinery, to be situated in Jiazhai town of Yucheng county, will cost PetroChina around CNY40 billion.

According to PetroChina's plan, the Shangqiu refinery will feed on crude oil imported from the Middle East and have an yearly production of six million tons of gasoline and diesel to be sold to target markets like Jiangsu, Shandong, Henan and Anhui regions.

The Shangqiu refinery is only one part of PetroChina's refining strategy to make its refining capacity expand to 240 million tons/year before 2015. Currently, PetroChina has 140 million tons/year refining capacity.

To this end, PetroChina plans to newly build or upgrade 17 refineries, including the greenfield Taizhou refinery in Zhejiang province.

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PetroChina To Build Oil Refinery In Shangqiu, Central China

Published: 14-Sep-2009

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Welaptega Marine has saved a Gulf of Mexico-based offshore driller millions of dollars through a pioneering technology to recertify mooring systems on semi-submersible drill rigs (MODUs) while they are on station.

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