China's National Petroleum Corporation (CNPC) plans to allocate US$ 12.4 billion for 15 000 km up-county pipeline laying. The investment program envisages construction of 8000 km of gas pipes, 3000 km of crude oil pipes and 4000 km of petroleum derivatives pipes. The first phase of the project will be complete by year-end and the second phase is expected to be complete in 2010.
Construction of new production in Dushanzi is considered to be the main constituent of the cooperation. CNPC subdivision in city of Dushanzi has embarked at a petrochem capacity expansion project. US$3.23 billion had been allocated for generation of 20 oil-refining installations and 12 petrochemical product projects. Petroleum refining part of the plant is to be put into operation 2007, petrochemical segment in 2008. The combine is expected to process 5.5 million tons of oil annually and manufacture 1.82 million tons of petrochemicals.
20-Sep-05 
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