Inspectioneering
News

China's Sinopec Group to Invest $29 Billion to Upgrade Four Refining Bases

Reuters, March 2, 2017
Reuters

China's Sinopec group, parent of Sinopec Corp, will invest $29.05 billion (USD) to upgrade four refining bases between 2016 and 2020, the official Xinhua news agency reported on Thursday. The total refining capacity of the four refining bases will reach 130 million tonnes per year after the upgrade, while ethylene producing capacity will total 9 million tonnes per year, Xinhua quoted chairman Wang Yupu as saying. That would take the oil refining capacity to an equivalent of about 2.6 million barrels per day. The four refining bases are Shanghai, Nanjing, Maozhan and Zhenhai.

 

(Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger)

 

Click here to read the full article from Reuters.

Copyright 2017 Thomson Reuters. Click for restrictions.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.

Interested in equipment reliability & integrity? Sign up for weekly updates.

Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.