CHENGDU, China, April 25 PetroChina (0857.HK)
(601857.SS) will expand its Huabei refinery in northern China's
Hebei province to 200,000 barrels per day (bpd) of capacity
following its 2007 discovery of the Jidong Nanpu oilfield, a
company official said on Friday.
Huabei has crude processing capacity of 100,000 bpd.
"The local government in Hebei province is tending to reserve
the crude oil produced at Nanpu for plants in the province," said
Song Aiping, a senior engineer with PetroChina's planning
Jidong Nanpu, the largest discovery in years in China, boasts
proven reserves of 405.07 million tonnes of oil equivalent, or
nearly 3 billion barrels. PetroChina aims to produce 200,000 bpd
of oil from the field by 2012.
"PetroChina will expand the Huabei refinery to process crude
from Nanpu, in line with production progress in the field," Song
told Reuters on the sidelines of an industry conference in
The company has not submitted any expansion plan to the
central government for approval but Song said the expansion would
likely take place in the five years through 2015.
(Reporting by Jim Bai; Editing by Edmund Klamann)