22 December 2009 03:45 [Source: ICIS news]
GUANGZHOU (ICIS news)--Lanzhou Petrochemical, a subsidiary of Chinese oil and gas giant PetroChina, plans to start up its new 5.5m tonne/year refinery in Gansu province on Friday, a company source said on Tuesday.
Once the new unit starts operation, Lanzhou Petrochemical would idle an existing 3m tonne/year refining unit, the source said.
Lanzhou Petrochemical's total refining capacity would rise to 13m tonnes/year from 10.5m tonnes/year when the new refinery starts operations, the source said.
The new refinery is designed to process poor-quality heavy crude such as domestic Xinjiang and Kazak crude, the source added.
Lanzhou Petrochemical's refined oil products would be sold primarily to western ?xml:namespace>
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