China’s CNOOC may start up Dongying oil terminal in late December

14 September 2012 11:06  [Source: ICIS news]

SINGAPORE (ICIS)--China National Offshore Oil Corp (CNOOC) is expected to put its 1.06m tonne/year oil terminal into operation at Dongying port in Shandong province in late 2012, a company source said on Friday.

The terminal comprises 500,000 cubic metres (cbm) of crude tanks, 420,000cbm of fuel oil tanks, 60,000cbm of gasoline tanks and 80,000cbm of gasoil tanks, according to the source.

Supportive facilities including two 50,000 deadweight tonnes (dwt) of crude/fuel oil jetties and two 5,000dwt oil product jetties will become operational at the same time, the source said.

CNOOC is now planning three crude pipelines to link Dongying port and its subsidiary refineries in Shandong to reduce transportation costs, the source added.

The company is preparing to build a 1.5m tonne/year pipeline to transport crude from Dongying port to Dongying Petrochemical, which runs a 1.2m tonne/year refinery at Binzhou city in Shandong province, said the source.

The company also plans to build a similar pipeline to deliver crude to Shandong Haihua Group’s 1m tonne/year refinery at Weifang city in Shandong, the source added.

CNOOC is expected to start building a 5m tonne/year crude pipeline from Dongying port to the 2.2m tonne/year refinery operated by CNOOC Offshore Bitumen at the beginning of 2013, a source from CNOOC Offshore Bitumen said.

CNOOC has a combined 4.9m tonne/year refining capacity in Shandong currently.

CNOOC Offshore Bitumen is expected to expand its crude processing capacity to 4.7m tonne/year with a 2.5m tonne/year crude distillation unit (CDU) scheduled to come on line this October, the company source said.

Meanwhile, Dongying Petrochemical is negotiating with CNOOC and the local government about the construction of a 5m tonne/year CDU and some secondary units at Dongying city. Shandong Haihua Group’s 5m tonne/year crude refining project at Weifang city is pending approval from CNOOC.

By: Jason Zhu
+65 6780 4359

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