PetroChina to review plans to build refinery and petrochemical plant in quake affected Chengdu

15-May-08

PetroChina Co., has decided to review a plan to build a refinery and petrochemical plant outside the city of Chengdu, an area struck this week by China's largest earthquake in 58 years. PetroChina may cancel the project if studies show that the site is prone to natural disasters. 56 PetroChina workers were injured in the quake and six are missing. The company lost contact with 12 oil-transportation trucks during the disaster. PetroChina shut 76 oil-drilling rigs in the quake-affected area. Of these, 60 have resumed operations. PetroChina and Sichuan authorities had signed an agreement in March 2007 to build a refinery and a petrochemical plant. The refinery will process about 200000 bpd of oil and produce 800000 tpa of ethylene.