摘要
Sinopec spending big to develop Xinjiang oil Sinopec Group plans to invest 53 billion yuan(US$8.03 billion)to boost oil and gas production in Xinjiang, China's western region rich in petroleum resources,by 2015,according to an announcement released by the giant refiner in mid-March.The company is targeting expanding the capacity of its Tahe refinery in Kuqa country to 10 million tons per year,from 4.25 million tons in 2011, which is expected to bring 40 billion yuan of production value.Sinopec will also add 10 oil storage facilities and 500 service stations in Xinjiang by 2015.
Sinopec spending big to develop Xinjiang oil
Sinopec Group plans to invest 53 billion yuan （US$8.03 billion） to boost oil and gas production in Xinjiang, China＇s western region rich in petroleum resources, by 2015, according to an announcement released by the giant refiner in mid-March. The company is targeting expanding the capacity of its Tahe refinery in Kuqa country to 10 million tons per year, from 4.25 million tons in 2011, which is expected to bring 40 billion yuan of production value. Sinopec will also add 10 oil storage facilities and 500 service stations in Xinjiang by 2015.
