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Chinanews, Beijing., November 6 – PetroChina announced on November 5 that it had arranged to import 100 thousand tons of diesel1 oil by the end of last October to meet the urgent demand in the domestic market.
Meanwhile, PetroChina is working hard to boost its own diesel oil production, despite the fact that the low temperature in winter might pose great challenges to both the production and transportation processes. It is said that PetroChina’s plan for the 4th quarter of 2007 involves a much higher goal than last year, as at least 2.13 million tons more of crude oil will be processed, and the oil product storage of PetroChina will reach 150 thousand tons, which will be put in the market very soon. PetroChina will also accelerate the building of 10-million-ton-scale oil refineries2 and storages in Dushanzi, Dalian and Guangxi, to optimize3 the oil industrial structure. With the arrival of winter, the demand for diesel oil will be eased, and its price might drop by then.
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