MOSCOW (MRC) -- China Petroleum and
Chemical Corp has started operating a major crude oil pipeline that connects
eastern Jiangsu province with refineries in south China, said Reuters.
pipeline, which spans 560 kilometers, runs at an annual capacity of 20 MMt,
"The new crude oil pipe will support crude demand from
Sinopec's Jiujiang and Anqing refinery", it added.
As MRC informed earlier,
Sinopec group, parent of Sinopec Corp, will invest USD29.05 billion to upgrade
four refining bases between 2016 and 2020 to produce higher-quality
China Petrochemical Corporation (Sinopec Group) is a super-large
petroleum and petrochemical enterprise group established in July 1998 on the
basis of the former China Petrochemical Corporation. Sinopec Group's key
business activities include the exploration and production of oil and natural
gas, petrochemicals and other chemical products, oil refining.