|
(Bloomberg) -- China Petrochemical Corp.,
the nation’s largest refiner, said oil processing volume may rise 39 percent in
2010 compared with five years earlier as refining capacity expanded to meet
surging fuel demand.
Refining rates may increase to 212 million metric tons, or 4.26 million
barrels a day, from 153 million tons, Sinopec Group, as China Petrochemical is
known, said in an e-mailed statement today. Processing capacity may climb 39
percent to 224 million tons by the year-end, making the group the world’s
second-biggest refiner, according to the statement.
Oil-product sales may rise 42 percent from five years earlier to 149 million
tons as the number of Sinopec service stations increases to 29,200, the refiner
said.
Sinopec Group’s domestic crude production rose 8 percent from five years
earlier to 42.56 million tons, while natural-gas output doubled to 12.3 billion
cubic meters. Ethylene output surged 67 percent to 9.19 million tons, the parent
of Hong Kong- listed China Petroleum & Chemical Corp. said in the
statement.
mrcplast.com
|
