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MOSCOW (MRC)
-- PetroChina Co Ltd's subsidiary refinery in northeast China's Daqing has
started processing its first Russian crude oil transported via pipeline, after
completion of plant upgrade, according to a company report posted on its social
media platform on Tuesday, as per Reuters.
Daqing
Petrochemical Corp is expected to process 3.5 MM tonnes of Russian oil annually,
transported through the East Siberia Pacific Ocean Pipeline.
Daqing
completed in late August an expansion programme that boosted its annual
processing capacity to 10 MM tonnes(200,000 barrels per day) from previously 6.5
MM tonnes, the report said.
The Daqing plant previously processed mainly
medium sweet crude from Daqing oilfield, one of China's oldest producers that
has seen reserves decline sharply after decades of pumping.
As MRC wrote previously,
PetroChina Ningxia PC, part of PetroChina, brought on-stream its polypropylene
(PP) plant following a turnaround. The company resumed operations at the plant
on August 18, 2020. The plant was shut for maintenance on July 1, 2020. Located
at Yinchuan, China, the PP plant has a production capacity of 110,000
mt/year.
Propylene is the main feedstock for the production of
PP.
According to MRC's ScanPlast report,
overall PP production in Russia increased in January-July 2020 by 24% year on
year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the
output.
PetroChina Company Limited, is a Chinese oil and gas company and
is the listed arm of state-owned China National Petroleum Corporation,
headquartered in Dongcheng District, Beijing. It is China's biggest oil
producer. |
