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7

CNPC To End Construction Two Pipelines for Two Billion

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.