22 December 2010 05:16 [Source: ICIS news]
SINGAPORE (ICIS)---Oil trader Hin Leong Trading leads a consortium that is planning to build a $6bn-8bn (€4.56bn-6.08bn) refinery in Singapore, local newspaper The Business Times (BT) reported on Wednesday, citing unnamed sources.
A 300,000-500,000 bbl/day refinery - what would be the fourth in the city-state - is currently being considered by the consortium, which includes one of the top four national oil companies in China and a European partner, BT said.
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The new refinery, which could produce green fuels such as ultra-low sulphur gasoline, diesel and naphtha, was expected to be located next to Hin Leong's Universal Terminal (UT) in
Chinese oil and gas major PetroChina has a half share in the SRC refinery, BT added.
($1 = €0.76)
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