 Online edition of India's National Newspaper Wednesday, Jun 18, 2008 ePaper | Mobile/PDA Version |
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BEIJING: China Petrochemical Corp. (Sinopec), Asia’s largest oil refiner, started production at its new Qingdao refinery on Monday. The refinery is designed with a processing capacity of 10 million tonnes per year. it is the largest of its kind in the country. The 12.5-billion-yuan ($1.8 billion) plant is expected to produce 7.08 million tonnes of refined oil each year with annual sales exceeding 40 billion yuan. This would help ease the domestic fuel shortage and ensure supplies for the summer grain harvest, quake relief and Olympic Games, said market analysts. — Xinhua
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