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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (5065)6/20/2005 6:35:46 PM
From: RealMuLan  Read Replies (1) of 6370
 
China plans $3-billion refinery expansion

Could cut crude import bill by 20%

By NESA SUBRAHMANIYAN

Monday, June 20, 2005 Page B8

Bloomberg News

China, the world's second-biggest oil consumer, plans to spend $3-billion (U.S.) on refinery units able to process cheaper, lower-quality Middle East crude oil to cut the nation's annual import bill by as much as 20 per cent

theglobeandmail.com
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