SINGAPORE : China's Yulong Petrochemical has agreed two two-year crude oil supply deals with BP and Chevron to supply its 400,000 barrel-per-day greenfield refinery in northern China from next year, a company official told Reuters on Monday. The refinery is due to begin commercial operation by December 20
SINGAPORE : China's Yulong Petrochemical has agreed two two-year crude oil supply deals with BP and Chevron to supply its 400,000 barrel-per-day greenfield refinery in northern China from next year, a company official told Reuters on Monday.
A spokeswoman for BP in China could not immediately comment on the agreement, while calls to Chevron in Hong Kong were unanswered, and neither oil major responded to emails from Reuters seeking comment. The plant will add to two large new refineries started late last year, in China's latest wave of refining expansion. The refineries are focused on petrochemical products such as plastics and chemical fibre rather than transportation fuel.
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