The project will greatly enhance the delivery efficiency of refined-oil products in the region and better connect Thailand with neighbouring countries, according to CNPC. — China Daily
BANGKOK: The first refined-oil project constructed by China National Petroleum Corp (CNPC) in northeastern Thailand that became operational on Tuesday will significantly address the rising demand for, and improve the local supply of, refined-oil products in the region, industry analysts say.
With an annual oil transmission capacity of six million tonnes, the strategic energy project which passes through five provinces has a 342km-long pipeline, including a new refined-oil pipeline and supporting pumping stations, valve rooms and tank farm terminals, CNPC said.
The project will greatly enhance the delivery efficiency of refined-oil products in the region and better connect Thailand with neighbouring countries, according to CNPC, China’s largest oil and gas producer.
China, whose technology for refining oil products is among the best in the world, has been actively involved in overseas refining projects in recent years, especially in countries and regions involved in the Belt and Road Initiative.
More Chinese enterprises are participating in such projects overseas and this is beneficial for both Chinese companies as well as local markets, said Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University. — China Daily/ANN
