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Page added on September 11, 2007

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Sinopec to import 60,000 tons of gasoline in September


BEIJING, Sept. 11 (Xinhua) — Sinopec, China’s biggest oil refiner, is planning to import 60,000 tons of gasoline in September to help meet domestic demand, said an official of the company on Tuesday.


Arrangements for the imports have been fixed, including the time and place of delivery, said the official in charge of sales with Sinopec, adding the imported gasoline would arrive at the end of this month.


The demand for gasoline has surged due to increasing fuel consumption propelled by the end of a fishing moratorium, intensified farming in the autumn and persistent hot weather.


Meanwhile, the company wanted to keep some gasoline in store ahead of the National Day holidays to help ease the shortage in the domestic market, he said.


Xinhua



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