It seems that CNPC is preparing to launch new projects
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It seems that CNPC is planning to build new projects in Shangqiu, Henan, and Jieyang, Guangdong. The capacity in Shangqiu is said to be 1,000 Wt/a, while that in Jieyang is 2,000 Wt/a.
I heard it’s supposed to be for processing heavy oil overseas.
Jieyang in Guangdong seems to be 50 million tons, right!
What is the processing capacity per unit in Jieyang, Guangdong? Is the maximum capacity currently 10 million tons or 12 million tons per year?
In May 2008, CNPC officially signed two agreements with Venezuela’s Ministry of Energy and Mines as well as PDVSA: the \"Framework Agreement on Establishing a Joint Venture for the Development of Block Huning 4 in the Orinoco Heavy Oil Belt\" and the \"Framework Agreement on a Joint Venture for Chinese Refinery Projects\", with a total value of $2 billion. The refinery framework agreement stipulates that the two parties will invest in a large-scale refinery within China with a refining capacity of 20 million tons. The Chinese side holds 60% of the shares in the joint venture refinery, while the Venezuelan side holds 40%. Yesterday, the People’s Government of Guangdong Province signed a strategic cooperation agreement with China National Petroleum Corporation in order to leverage their respective strengths, achieve mutual benefit and shared success, and pursue common development. In accordance with the requirements of the strategic agreement, efforts are being focused on promoting CNPC’s construction of a refinery with an annual capacity of 20 million tons in Jieyang City (Huilai), with an investment plan of 55 billion yuan. **Wang Yang, a member of the Central *** Committee and Secretary of the Provincial Party Committee, attended the signing ceremony. Huang Huahua, the governor, and Jiang Jiemin, the general manager of China National Petroleum Corporation, signed the strategic cooperation agreement on behalf of their respective sides; the responsible officials from Jieyang City and the heads of relevant departments at China National Petroleum Corporation also signed corresponding cooperation agreements. To further implement the Joint Venture Framework Agreement for Chinese refineries signed between CNPC and the Venezuelan oil company, Guangdong Province supports CNPC in building a refinery with an annual processing capacity of 20 million tons in Jieyang City (Huilai), with the aim of starting construction by 2010. Huang Longyun, Secretary of the Guangdong Provincial Party Committee and Executive Vice Governor, along with Zhou Jiping, Wang Yilin, Liao Yongyuan, and other executives from China National Petroleum Corporation, attended the signing ceremony.
Weren’t they supposed to start construction in 2010?
I heard about it. However, the specific details are not very clear. Those who are aware, please speak up
Is it possible that in the 200-year report, Sinopec and CNPC both incurred losses, while only CNOOC turned a profit?
It seems it’s to process Venezuela’s ultra-heavy crude oil; there’s no other choice – the facilities have to be built, even if it means incurring losses, perhaps through subsidies~~
Jieyang in Guangdong plans 50 million tons, with 20 million tons to be implemented first. I haven’t heard of it in Shangqiu, Henan; I hope someone can give me some information about it.
I’ve also heard about it; I’m not sure which design institute is in charge of the overall project management
Could the original poster provide more details? ?
Does anyone here know anything about these two projects? Is it to process Venezuelan heavy crude oil?
5000WT/a – that’s a bit exaggerated, isn’t it?
4# North Gate snow removal: Phase 1 capacity of 2,000 tons; a super-large-scale refinery with a planned capacity of 5,000 tons is to be built
I’ve only heard about it; I don’t know when it will happen. . If you know more, share some more details
Six of the world’s top 10 refineries are located in South Korea, with the largest one being in Venezuela. China’s goal is to become number one in the world. Additionally, **the energy gap is too large. If we are able to keep the vehicle fleet at 100 million units by 2020 and maintain the current rate of development and consumption, then we will need 600 million tons of oil-equivalent energy per year. Importing Venezuelan heavy oil is an imperative. 50 million tons is not considered very large. The key is that refining should go hand in hand with the petrochemical industry; that way, it will become extremely large.
Processing of imported low-quality heavy oil primarily consisting of Venezuelan extra-heavy oil