Oil refining plan
Source: Bloomberg News |
February 4, 2012, Saturday
|
Print Edition
Print Edition
CHINA seeks to increase its oil-processing capacity to 600 million tons in 2015, or 12.5 million barrels a day, under a five-year plan for the petrochemical industry.
That's up 25 percent from the 10 million barrels of daily capacity that the Paris-based International Energy Agency estimated China held in 2011.
The nation's average refinery size will rise to at least 6 million tons a year by 2015, according to the plan published by the Ministry of Industry and Information Technology on its website yesterday.
That's up 25 percent from the 10 million barrels of daily capacity that the Paris-based International Energy Agency estimated China held in 2011.
The nation's average refinery size will rise to at least 6 million tons a year by 2015, according to the plan published by the Ministry of Industry and Information Technology on its website yesterday.
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