Saturday, March 29, 2008

Sinopec Group daily gasoline output hit record 80,000 tons

Asia's top refiner, China Petrochemical Corporation ( Sinopec Group) gasoline output at home hit a record high, the company said Thursday on its own newspaper.

Daily gasoline output topped 80,000 tons, the report said, and diesel oil output was also kept at a high level.

Meanwhile, it cut productions of liquefied petroleum gas and propylene to set aside more capacity to refine oil which is in great shortage in some major Chinese cities, the company said.

Sinopec will lose RMB 2,000 for selling each ton of gasoline when crude oil prices were set at US$100 a barrel by the government, according to Zhou Yuan, vice president of the company.

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