China Refinery for Venz Crude

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China Refinery for Venz Crude

posted on Feb 26, 2009 10:04AM

This won't save Hugo's butt in the the short term as this is a few years down the road before it's built.

CNPC Gets Approval for Guangdong Refinery, Business News Says

By Winnie Zhu

Feb. 26 (Bloomberg) -- China National Petroleum Corp. received government approval to build a refinery in Guangdong province to process Venezuelan crude, the China Business News said, citing a company official it didn’t name.

CNPC has yet to pick a site for the refinery, which will have an annual processing capacity exceeding 10 million metric tons, or 200,000 barrels a day, the newspaper said.

CNPC’s Beijing-based spokesman Liu Weijiang didn’t reply to calls to his office. CNPC is the parent of Hong Kong-listed PetroChina Co.

To contact the reporter on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net.