PetroChina to expand Hohhot refinery

PetroChina Co., Ltd. said it will expand the oil refining capacity of its subsidiary, PetroChina Hohhot Petrochemical Co., to further extend its reach to north China. China’s macro-economy regulator National Development and Reform Commission (NDRC) approved the five-million-ton oil refining capacity expansion project of PetroChina Hohhot Petrochemical, which is located in the northern autonomous region of Inner Mongolia. Drawing a total investment of RMB8.3 billion (US$1.21 billion), of which RMB7.8 billion (US$1.14 billion) will be spent on construction, the project is predicted to break ground before yearend. (May 7, 2009)