MOSCOW (MRC) -- An engineering unit of China National Petroleum Corp. (CNPC) won a USD620-million contract to build an oil refinery in Cambodia, said Process-worldwide, citing China's official Xinhua News Agency.
Northeast Refining and Chemical Engineering Co.(CNPCNE) is scheduled to complete building the first phase of the project of 2 MMtpy, or about 40,000 bpd by 2018, Xinhua said.
This will be Cambodia's first oil refinery and will help cut its reliance on fuel imports, Xinhua said.
The refinery, located in Cambodia's southwestern Preah Sihanouk province, will be further expanded to 100,000 bpd at a total cost of USD3 billion, Xinhua quoted Hann Khieng, the managing director of the Cambodian Petrochemical Co. (CPC), as saying.
The plant is jointly owned by CPC and the Chinese firm Sinomach China Perfect Machinery Industry Corp.
As MRC informed earlier, China National Petroleum Corporation (CNPC) will join UzIndoramaGazChemical, a joint venture that will build a USD2.5 bln complex to produce polyethylene at the Mubarek Gas Refinery in Uzbekistan's Kashkadarya region. CNPC had signed a memorandum to join Uzbek national oil and gas company Uzbekneftegaz and Singapore's Indorama Group in the joint venture.
China National Petroleum Corporation operates oil and gas assets in Africa, Central Asia/the Russian Federation, America, the Middle East, the Asia-Pacific, and other regions. The company engages in hydrocarbon exploration and production operations in onshore and offshore areas; operates refineries and petrochemical enterprises that produce crude oil products, such as gasoline, diesel fuel, kerosene and lube oil, etc.; and manufactures and supplies chemical products, such as synthetic resins, fibers, rubber, urea, organic/inorganic chemical products.
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