Sinopec Jinling to raise crude output
Sinopec Jinling Co, a unit of China's largest oil refiner Sinopec<600028><386>
Zhang said the company will boost its oil-processing capacity by around 6% this year, adding that more than 80% of the company's crude oil is imported.
Sinopec Jinling, which is estimated to lose RMB 1.5 billion (US$211 million) in the first quarter, plans to shut about one-third of its capacity in April and May for maintenance, according to Zhang.
Based in Nanjing, eastern Jiangsu Province, Sinopec Jinling is principally engaged in crude oil refining and petrochemicals production and sales.
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