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.
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