|
BIZCHINA> Top Biz News
![]() |
|
CNOOC starts Huizhou refinery, eyes 70-80% runs
(Agencies)
Updated: 2009-03-20 15:35 Offshore oil firm CNOOC's first major refinery in southern China starts pumping crude into its 240,000 barrel-per-day processing unit on Friday, and expects to be running at 70-80 percent of capacity from May, company officials said on Friday.
The start-up of the the plant, designed to process Chinese offshore crude Penglai 19-3 from the Bohai Sea, came after several delays and amid slowing Chinese fuel demand. "We are not optimistic about domestic fuel demand. So a ratio of 70-80 percent of operations might be a realistic target," said one official, adding that the average operations at main Chinese refineries should be near 90 percent. China's major refiners will add nearly 1 million bpd of new capacity by the end of this year at six plants, though more than half of them will start up in the second half. China, the world's second-largest oil consumer, is facing demand contractions as shrinking exports hit factories and the transportation sector. Refiners have in recent months been forced to sharply raise diesel exports to trim brimming stocks.(For more biz stories, please visit Industries)
|
于都县| 抚宁县| 修水县| 古丈县| 常宁市| 东台市| 屯留县| 阿合奇县| 屯留县| 华阴市| 沅江市| 天长市| 芮城县| 景泰县| 双桥区| 鸡西市| 镇安县| 高安市| 大同县| 绵竹市| 辽中县| 井研县| 普陀区| 乐至县| 桦甸市| 资源县| 交口县| 鹿邑县| 霍城县| 杨浦区| 凌云县| 松桃| 延津县| 城固县| 望奎县| 洪雅县| 微博| 龙南县| 布拖县| 彩票| 乌拉特前旗|