PetroChina to begin commercial ops at Guangxi refinery by Aug

05 July 2010 06:07  [Source: ICIS news]

GUANGZHOU (ICIS news)--Chinese oil major, PetroChina, is expected to begin commercial operations at its new 10m tonne/year refinery at Qinzhou in China’s southwestern Guangxi province by early August, market sources said on Monday.

The yuan (CNY) 15.2bn ($2.24bn) refinery was started up on 29 June and its operating rate would be maintained at around 70% for the next three months, said a source from PetroChina.

A downstream 200,000 tonne/year polypropylene (PP) unit located at the same site would also be started up soon, the company source added, without providing further details.

The refinery would mainly process imported Sudan crude, with the refined oil products to be sold primarily to southwestern China.

($1 = CNY6.78)

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By: Fanny Zhang
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