China to build 9 refining bases in 3 years

China, the world’s No. 2 enegy consumer, plans to build nine crude oil refining bases in coastal areas during the next three years, local media reported Thursday, citing the National Development and Reform Commission, China’s top economic planning agency.

According to China Knowledge news service, under the country’s petrochemical stimulus plan, three of the new bases, each designed with refining capacity of 30 million tons of crude oil annually, will be built in coastal cities of Ningbo, Nanjing and Shanghai.
YPN