Chinese petroleum company PetroChina has got governmental approval to spend $3.3 billion
Chinese petroleum company PetroChina has got governmental approval to spend $3.3 billion to expand a major northwest petrochemical facility to receive oil from
Kazakhstan via pipeline.
PetroChina plans to double crude processing capacity at the Dushanzi Petrochemical factory in the western Xinjiang Autonomous Region to 10 million tonnes a year by 2008, Xinhua news agency said.
The expansion would make the plant China's largest crude processing facility with most of the crude oil brought in through a 1,200-kilometer (750-mile) pipeline running from neighboring Atasu city in Kazakhstan.
The pipeline is part of major agreement signed between China and Kazakhstan to build a 3,000 kilometer oil pipeline from the Central Asian country to Xinjiang province.
The construction of the pipeline is to be completed by the end of this year.
