China Expands Oil Refining Capacity to Meet Rising Demand

摘要

With the booming of China's auto market, the oil refining industry is falling over itself to boost capacity in the coastal regions. Sinochem Corporation is the latest out of the starting blocks. Its new oil refining project in southeastern Fujian Province will see it move into territory already occupied by the nation's big-three oil companies - China National Petrochemical Corporation(Sinopec), China's largest oil refiner, China National Petroleum Corporation (CNPC), the largest crude producer in the country, and China National Offshore Oil Corporation (CNOOC), the giant offshore oil player.