Sinopec took over the project in 2003 after Beijing shelved a proposal mooted by a Hong Kong business group in the mid-1990s due to concerns of over-capacity and environmental issues.
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Sinopec Meets Escalating Oil Demand Fully Armed
China Petroleum & Chemical Corp., or Sinopec, the largest petroleum refiner in the region, announced it plans to build ..
China Petroleum & Chemical Corp., or Sinopec, the largest petroleum refiner in the region, announced it plans to build an oil complex in China's southern Hainan province of $1.2 billion worth, as a part of its program to speed up refinery expansion to meet surging demand.
Sinopec aims to complete the project, which includes an refinery woth the capacity of 8 million tonne-per-year, and a terminal to dock 300,000-tonne oil tankers, by the end of 2006.
Sinopec took over the project in 2003 after Beijing shelved a proposal mooted by a Hong Kong business group in the mid-1990s due to concerns of over-capacity and environmental issues.
Sinopec took over the project in 2003 after Beijing shelved a proposal mooted by a Hong Kong business group in the mid-1990s due to concerns of over-capacity and environmental issues.
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