China’s Sinopec builds oil product and gas pipeline in Zhejiang

20 July 2012 07:11  [Source: ICIS news]

SINGAPORE (ICIS)--China’s state-owned major Sinopec commenced construction of Ningbo-Taizhou-Wenzhou oil product and gas pipelines in Zhejiang province on 19 July, the company said on Friday.

The pipelines will come on stream in early 2015, a statement from Sinopec said.

The 430km long oil products pipeline has a transmission capacity of 6m tonnes/year, and four storage facilities with a total capacity of 322,000 cubic metres will be built to support its operation, the statement said.

The gas pipeline will extend 423km and will be able to move 9.5bn cubic metres of gas each year, it added.

The entire project involves an investment of yuan (CNY)2.45bn ($385m).

Sinopec will deliver gasoline and diesel from its 460,000 bbl/day Zhenhai refinery at Ningbo through the pipeline, according to the statement.

($1 = CNY6.37)

By: Fanny Zhang
+65 6780 4359

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