September 10, 2010 / 5:45 AM / 8 years ago

FACTBOX-China's refinery expansion plans

  (Updates CNPC’s Yunnan, Qingyang plant)
 BEIJING, Sept 10 (Reuters) - China’s CNPC, parent of PetroChina (0857.HK), plans to complete by 2013 building the 200,000 barrel-per-day refinery in southwestern Yunnan province to process crude sent via a Myanmar pipeline.
 For a related story: [ID:nTOE68903P]
 PetroChina will also start operating a 60,000 bpd plant in northern Gansu province next month. [ID:nTOE67O073]
 China will likely add more than 3 million bpd of new refining capacity between 2010 and 2015, industry officials and Chinese media have said, in a new refinery building boom to fuel its robust economic growth.
 The expansion pace, some half a million bpd on an annual average, does not look huge compared with China’s annual incremental oil demand growth, but some market analysts have argued that China may already have a structural surplus of gasoline and diesel.
 For related analyses on China’s diesel surplus and gasoline balance [ID:nTOE62S03D][ID:nSGE60R014]
 Following are the major Chinese crude refining units planned and proposed. Updates will follow when more information is available.
 (Capacity in barrels per day (bpd), unless indicated) ==============================================================  Plant      Company             New capacity        Start Date ============================================================== Tianjin    Sinopec                  200,000          Jan 2010 Qilu       Sinopec                   50,000        April 2010 Gaoqiao    Sinopec                   34,000           Q2 2010 Guangxi    PetroChina               200,000         Sept 2010 Qingyang   PetroChina                60,000         Oct  2010 Ningxia    CNPC                     100,000          end 2011 Luoyang    Sinopec                   80,000              2011 Jinling*   Sinopec                  100,000           2011/12 Sichuan    PetroChina               200,000              2012 Jiujiang   Sinopec                   60,000              2012 Anqing     Sinopec                   60,000         Sept 2012 Huabei     PetroChina               100,000          Dec 2012 Shijiazhuang Sinopec                 60,000           2012/13 Jieyang    PetroChina/PDVSA         400,000           2013/14 Quanzhou   Sinochem                 240,000           2013/14 Huizhou    CNOOC                    200,000           2013/14 Zhanjiang* KPC/Sinopec              350,000           2013/14 Dagang*    PetroChina/Rosneft       200,000           2013/14 Maoming*   Sinopec                  240,000              2015 Zhenhai*   Sinopec                  180,000              2015 Kunming*   CNPC                     200,000              2013 ——————————————————————————————- TOTAL       3.31 mln bpd                                     
 * Pending government approval ——————————————————————————————— The following are proposals which are at early stages of planning. ——————————————————————————————- Jiangsu   PetroChina/Qatar/Shell   200,000               NA   Fujian    Sinopec/Exxon/Aramco     240,000               NA   Beihai    Sinopec                  200,000               NA   Ningbo    Sinochem                 240,000               NA   Zhejiang  Sinopec                  300,000               NA   Liaoning  CNPC                     200,000               NA   Hebei     CNOOC/Zhongjie           200,000               NA   Haihua    CNOOC                    100,000               NA   Huizhou   CNOOC                    360,000            by 2020 Chongqing PetroChina               200,000               NA   Shangqiu  PetroChina               200,000               NA   ———————————————————————————————  (Reporting by Jim Bai and Aizhu Chen; Editing by Jacqueline Wong)     

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