Bloomberg News

Cnooc Group’s Huizhou Refinery Starts Fuel Sales, Official Says

April 27, 2009

China National Offshore Oil Corp., the country’s biggest offshore petroleum explorer, started selling fuel in the southern province of Guangdong produced by the company’s first oil refinery.

A cargo of liquefied petroleum gas was shipped to Shandong province several days ago, Wu Qing, a production manager at the plant in Huizhou, said by telephone from the southern city.

China National Offshore, the parent of Hong Kong-listed Cnooc Ltd. (883), started trial operations at the refinery in early March. The company plans to almost double the plant’s capacity to 22 million metric tons a year, or 440,000 barrels a day, in the second phase of its development, a company official said on April 1.

The refinery is now operating at 60 to 70 percent of its designed capacity of 240,000 barrels a day, the official said.

---With assistance from Winnie Zhu in Shanghai. Editor: Ryan Woo.

To contact the reporter on this story: John Liu in Shanghai at jliu42@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net


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