Total plans to build new refining and petrochemical projects in China
Thread Content
Sinopec News Network According to Dow Jones Beijing news on March 20, "China Daily" reported on Friday, citing an executive of France's Total, that the company plans to build new refining and petrochemical projects in China. According to reports, Total hopes to take advantage of China's launch of a new refined oil pricing mechanism, which makes refined oil pricing more competitive and creates appropriate profit margins for refiners. Jacques de Boisseson, general representative of Total’s Chinese subsidiary, said that China * * Moving towards more competitive pricing mechanisms ； Total is willing to compete and believes that it is stronger and is sure to win. Total currently operates a refinery in China but no petrochemical units. The company recently established a natural gas joint venture with China National Petroleum Corporation in the South Sulige block, with an estimated annual production capacity of 3 million to 4 million cubic meters.
Total is mainly engaged in oil refining, and the Dalian West Pacific Refinery is a joint venture with Total. The refining level is good. But will the current situation of Sino-French relations have any impact?
Can China cooperate with France? Isn’t it boycotting French goods now?
It’s hard to say in the current situation!
There are no eternal enemies, and China will not boycott French goods.
As one of the world's four largest petrochemical companies, TOTAL has been greatly affected by the global economic crisis this time and is seeking to be jointly acquired by SINOPEC and CNOOC. How can it build new refining and petrochemical projects in China?
At present, we have mastered all the technologies of oil refining. There is no need to allow foreign investment to enter and increase competition in the oil refining market. Many oil refineries, especially local oil refining capabilities, have not been fully utilized.
Please give me the contact information of Total Petrochemical China. Thank you all. grateful