New CNPC oil refinery to start up in South West China

It is reported that China's largest oil producer, China National Petroleum Corp will start up a 10 million tonne oil refinery in south China's Guangxi Zhuang Autonomous Region in December a step to relieve tight energy supply in southwest China. Work on the plant, costing more than CNY 15 billion was launched at the end of 2006 in the coastal city of Qinzhou on the northern shore of the Beibu Gulf.

Mr Ma Biao, the regional governor said that it is expected to process 10 million tonnes of crude oil and produce 6.7 million tonnes of refined products. He said that annual revenue would be more than CNY 40 billion.

Mr Shen Shaohong an official with the Qinzhou Port Economic Development Zone said "The distribution of oil plants in China is illogical. Southwest regions like Guangxi, Yunnan, Guizhou and Sichuan completely rely on outside supply and the refined oil supply is tight at present."

CNPC currently supplies its southwest market from a refinery in Dalian, a port city in northeast China's Liaoning Province. By processing imported crude in the Qinzhou refinery, CNPC could cut its transportation costs by 200 Yuan per tonne.

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