Sinopec Invests Heavily for Pipelines, Wharves to Increase Efficiency

摘要

Sinopec recently said that it would earmark less than 8 billion yuan (US$966.2 million) to complete construction of two pipelines and three wharves by 2006 to improve its downstream operating efficiency. The Asia's largest oil refiner said it was seeking approval to build a 1,050-kilometre refined products pipeline linking Nanjing - the capital of Jiangsu Province - with Hubei and Hunan provinces, with an estimated investment of 3.5 billion yuan (US$422.7 million).