China National Petroleum Corp. will complete two major oil pipelines
China National Petroleum Corp. will complete two major oil pipelines costing almost US$2 billion in northwestern China this year, a company official said.
A 1,858-kilometer-oil pipeline from Urumqi in Xinjiang Uighur Autonomous Region to Lanzhou City in Gansu Province will be ready for operation by the end of May, with a designed capacity of 200,000 barrels per day (bpd).
A 1,500-kilometer pipeline, with a capacity to channel 400,000 bpd of crude oil, will be built along the same route and will be completed by the end of October, said the Beijing-based official Wednesday.
The two pipelines, costing 13 to 15 billion yuan (US$1.6 billion to US$1.85 billion), will eventually be connected to the landmark China-Kazakhstan crude pipeline, the only onshore pipeline that the world's second-largest oil consumer has secured.