Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

China’s Oil Refining Capacity to Expand 20% by 2015

Jan. 6 (Bloomberg) -- China, the world’s second-largest energy user, aims to expand its oil refining capacity by 20 percent in the coming five years as domestic demand rises.

China will add about 100 million metric tons of annual capacity, or 2 million barrels a day, to boost its total capacity to 600 million tons by 2015, Xinhua News Agency reported today, citing Zhang Guobao, head of the National Energy Administration. Annual output of gasoline, diesel and kerosene will reach 310 million tons by then, it said.

Annual domestic crude output will be maintained at about 200 million tons over five years, it said. The nation’s crude output will be about 190 million tons this year while natural gas output will exceed 100 billion cubic meters, it said.

The country will focus on building energy reserves during the five-year period and the construction of the second and third phase of crude oil stockpiles, it said, without giving details.

China will start construction of as much as 270 million kilowatts of thermal power generation units in the five years through 2015, Xinhua said in another report today. The nation’s total power generation capacity rose to more than 950 million kilowatts by the end of last year, according to a report on Sina.com.

To contact the reporter on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.