China to boost refining capacity, import Kazakh oil

China is planning to boost its refining and petrochemical capacities ahead of the completion of a Kazakhstan-China pipeline and amid reports that Kazakhstan will substantially increase its production of oil, condensate, and natural gas in the coming year.PetroChina Co. plans to spend $3.29 billion to expand the capacity at a refinery and petrochemical complex in Dushanzi in Northwest China’s Xinjiang province, the South China Morning Post (SCMP) reported on Feb. 15.The expansion will sharply increase the complex’s refining capacity to 10 million tonnes/year (t/y) from 6 million t/y currently and its ethylene capacity to 1.22 million t/y from 220,000 t/y, said the paper.The pro...

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