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China to Process More Acidic Crude

China will process more acidic crude as the difficult-to-refine oil accounts for most of its new domestic and equity output

China will process more acidic crude as the difficult-to-refine oil accounts for most of its new domestic and equity output, while its complex refineries allow it to import the cheaper oil, industry experts said on Thursday.

An additional 538,000 barrels per day (bpd) are expected to come on stream from China during 2005-2010, almost a third of all incremental high-acidic crude in the world, Houston-based Asia Pacific Energy Consulting (APEC) said.

The biggest increase will come from phase two of the ConocoPhillips-(COP.N: Quote, Profile , Research) operated Peng Lai project, which is expected to rise to some 180,000 bpd by 2009-2010 from 20,000 bpd currently.