(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)