China’s state-controlled Sinopec has rekindled plans to add 1mn b/d of domestic refining capacity by 2020, following an upturn in its downstream profits. The company’s new 2016-20 refinery investment programme envisages the progression of a number of projects that it had previously appeared likely to abandon, officials involved say. Sinopec had, until early 2015, when crude prices were higher, aimed to add 640,000 b/d in 2016-20. It now plans to add 1.1mn b/d. The firm has made no additions this year and raised capacity by just 70,000 b/d, at Jiujiang, in central China’s Jiangxi province, in 2015.
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