CNOOC to establish at least 100 gas stations in Hebei and Shandong
Sunday, 04 Oct 2009
According to Mr Zhang Ruihu the director of the Institute of Heavy Oil Utilization of China Offshore Oil & Gas Development & Utilization Co affiliated to CNOOC, China largest offshore oil producer China National Offshore Oil Corporation plans to establish mo re than 100 new gas stations in the provinces of Shandong and Hebei.
Mr Zhang said the gas stations will feed on sources from CNOOC refineries in Shandong and Hebei. CNOOC has acquired three refineries in Shandong, including China Offshore Bitumen Co Ltd, Shandong Haihua Ltd and its refinery in Dongying. CNOOC had previously announced that it would also set up 300 gas stations in Guangdong province. He said that many of the stations may be placed along newly constructed highways and state highways.
He added that that affected by the financial turmoil, oil giants are all adjusting their development strategies while reining back their pace of expansion, and CNOOC is also taking the opportunity to increase its competitiveness.
In June, CNOOC's Huizhou Refinery Project commenced production mar king the significant progress of CNOOC's refining section. Currently, the company is promoting construction of its refining system in areas around the Pearl Ricer Delta, the Yangtze River Delta, and Bohai Bay. The company aims to reach 80 million tonnes of oil refining and bitumen processing capacity by 2020.
