China gives go-ahead for JV refinery
By Pan Xiaoyi |
January 7, 2011, Friday
|
Print Edition
Print Edition
CHINA'S environmental ministry has given the green light to a US$8.7 billion joint venture refinery by PetroChina Co and Venezuela's state oil company Petroleos de Venezuela SA in south China's Guangdong Province.
The Jieyang-based refinery project will be capable of processing 20 million tons of heavy oil annually, equivalent to around 400,000 barrels per day, according to the Ministry of Environmental Protection.
The investment includes two quays for crude oil and oil products respectively, refinery facilities, an oil tank and tubes. The project will mainly process heavy oils imported from Venezuela, which supplies 300,000 barrels of crude oil to China daily.
PetroChina, the country's largest oil producer, has also teamed up with Petroleos de Venezuela SA in exploring oil reserves in Venezuela.
China's oil refineries have been revving up production to boost economic growth.
The Jieyang-based refinery project will be capable of processing 20 million tons of heavy oil annually, equivalent to around 400,000 barrels per day, according to the Ministry of Environmental Protection.
The investment includes two quays for crude oil and oil products respectively, refinery facilities, an oil tank and tubes. The project will mainly process heavy oils imported from Venezuela, which supplies 300,000 barrels of crude oil to China daily.
PetroChina, the country's largest oil producer, has also teamed up with Petroleos de Venezuela SA in exploring oil reserves in Venezuela.
China's oil refineries have been revving up production to boost economic growth.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
