PetroChina secures environmental clearance for oil and petrochemical projects

19-Sep-07
Asia's top oil and gas company - PetroChina, has won environmental clearance for its oil and petrochemical projects. The six projects, including a 200,000 bpd refinery and one mln tpa ethylene complex in the remote northwestern region near the Kazakhstan border, are to be financed by a domestic share issue. The investment outlay will be towards production of crude at Daqing and Changing oilfields, development of Jidong Nanpu field, doubling of ethylene capacity at Daqing in northeast China, and a refined fuel pipeline linking Lanzhou in the northwest to Changsha in central China.
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