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PetroChina adds refining capacity for Russian oilPublished: 16 Jul 2009 23:49:31 PSTTop 5 News From ChinaKnowledge.comPCCW Chairman Li raises his stake againBYD resurrects plans for A-share IPOChina Pacific Insurance set to restart Hong Kong IPORenhe Commercial buys six malls for RMB 830 mlnChina’s retail sales up 15% in H1Jul. 17, 2009 (China Knowledge) – PetroChina Co Ltd<601857><0857><PTR>, the country’s largest oil producer, has started construction on refining facilities in Liaoyang City, Liaoning Province, preparing for more crude oil to be imported from Russia in 2011, sources reported.The Liaoyang base, which is the principal refining base for Russian oil, has a crude oil processing capacity of nearly 200,000 barrels a year and will add a hydrocracking unit with an annual capacity of 1 million tons per year, a 2-million tpy hydrorefining unit and a 30,000-tpy Sulphur removing and recovering unit, as well as other supporting facilities, such as transformers and reserve tanks. The entire project, which will be completed prior to 2010, will produce gasoline, diesel oil and other petrochemical byproducts including naphtha. However, the cost of the expansion project has not been released. In April, China signed an agreement with Russia to purchase about 15 million tons of crude oil every year beginning in 2011. Last year, China imported 11.6 million tons of crude oil from Russia, a year-on-year decline of 20%, sources reported. Copyright © 2009 http://www.chinaknowledge.com管理咨询 wizardry rmt lithium 3.6V battery bathroom vanities lithium battery car sun shades