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Sinopec says petrol stations, oil storage unaffected by quake in Sichuan

August 10/2017

MOSCOW (MRC) Ч Sinopec Corp said its oil storage facilities and petrol stations have not been affected by the earthquake that struck a remote and mountainous part of the province of Sichuan in southwestern China on Tuesday night, said Reuters.

Similarly, PetroChina's refinery, gas fields and pipelines have not been affected by the Sichuan earthquake, a spokesman said on Wednesday.

The quake measured 6.5 in magnitude in a sparsely populated area 120 mi west-northwest of the city of Guangyuan at a depth of 6 mi.

As MRC informed before, Sinopec group, parent of Sinopec Corp, will invest USD29.05 billion to upgrade four refining bases between 2016 and 2020 to produce higher-quality fuels. Sinopec's upgrades come as China, the world's second-biggest oil consumer, is embracing more stringent fuel standards in its battle against pollution and suffering an overall glut in refining capacity. After the upgrades, the total refining capacity of the four refining sites will reach 130 MMtpy, or 2.6 MMbpd, while ethylene capacity will reach 9 MMtpy.

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.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Sinopec, China.
Category:General News
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