CNPC's Dushanzi petrochemical complex starts operation
Shanghai. September 23. INTERFAX-CHINA - China National Petroleum Corp. (CNPC), the country's largest oil company, has kicked off operation at its Dushanzi petrochemical complex in northwestern China's Xinjiang Uyghur Autonomous Region, state media reported on Sept. 23.
The complex has a refinery with an annual processing capacity of 10 million tons and an ethylene facility capable of producing 1 million tons annually. The complex will primarily process high sulfur crude oil from Kazakhstan that China imports through the Sino-Kazakhstan Pipeline.
CNPC started construction of the RMB 30 billion ($4.39 billion) complex in August 2005.
The complex will not lead to a supply surplus in the domestic oil product market in the short term as it is not yet running at full capacity, state-run China Securities Journal quoted a CNPC employee as saying.
The table below details major Chinese refineries that were put into operation in 2008 and 2009.
Major Chinese refineries that started operation in 2008 and 2009
|Annual refining capacity (mln tons)
|Sinopec Qingdao Refinery
|CNPC Dalian Refinery
|Sinopec Fujian Refinery
|CNPC Dushanzi Refinery
Source: China Securities Journal