PetroChina to downsize in northern China, shut its Dalian refinery in 2025, sources say

Quick Summary:

PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.

Under a framework agreement announced by Dalian authorities in November 2022, CNPC, parent of PetroChina, agreed to build a new 70-billion yuan (US$9.84 billion) refinery and chemical complex on Changxing island, about two hours’ drive from downtown Dalian.

PetroChina did not immediately respond to a request for comment.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: Hong KongChina

Topics: Petrochemical Refinery Major Total Downtown Shut Dalian Sources Petrochina Plant Part

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 12:50:39 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 221 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 23348386

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