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.
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