Petrochina To Build Two Pipelines

PetroChina, yesterday said it has obtained the government's final approval to build two cross-China pipelines to pump refined oil, such as gasoline and diesel, from northeastern and northwestern areas to Central China.

"We received final approval from the State Council a couple of weeks ago to start building the two pipelines," said a senior PetroChina official, who did not want to be identified.

Industry sources said Central China is expected to suffer from severe oil shortages, which could see it short of about 10 million tons of refined oil products in 2010.