08 March 2012 09:58 [Source: ICIS news]
SINGAPORE (ICIS)--China’s oil giant PetroChina is planning to increase its fuel oil supply to Yunnan province to ensure there is ample supply amid higher demand, the National Development and Reform Commission (NDRC) said in a statement on Thursday.
Demand has gone up as more vehicles have been despatched to irrigate the crops in that province, which is experiencing a drought, the statement said.
PetroChina plans to supply 30,000 tonnes of imported diesel oil to Yunnan province and to arrange for its subsidiary Guangxi Petrochemical to supply diesel oil to Yunnan by truck, according to the statement.
PetroChina has supplied around 500,000 tonnes of diesel oil this year, 400,000 tonnes of which has been channelled to Yunnan province as of 8 March.
The volume of fuel oil that PetroChina has supplied since the start of this year is 10% higher as compared with the same period last year.
Fuel oil inventories in Yunnan province are more than 30% higher year on year at 200,000 tonnes, according to data from NDRC.
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