PetroChina oil pipeline to begin ops in June '09

23 June 2008 09:46  [Source: ICIS news]

SHANGHAI (ICIS news)--China’s largest oil producer PetroChina is building a refined oil pipeline to transport oil from west to central China and expected it to begin operations by June 2009, a company source said on Monday.

"The 2,148.4-kilometre Lanzhou-Zhengzhou-Changsha pipeline stretches from the northwestern city of Lanzhou to the central city of Changsha," the source said, adding that the pipeline’s transport capacity would not be known until it begins operations.

Work on the yuan (CNY)8.75bn($1.27bn) pipeline began after the National Development and Reform Commission (NDRC) approved the project late last year.

The pipeline was expected to relieve the tight oil supply situation in central China after it is commissioned next year, the source added.

($1=CNY6.88)

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