Domestic and foreign oil giants gather in Guangdong

Sinopec Guangzhou, Maoming, and Zhanjiang three major oil refineries stepped up their expansion, CNOOC's 12 million-ton refinery project was stepped up, and China’s Kuwait-based oil refinery project in Guangdong officially settled... Guangdong Province, which has been plagued by “oil shortage” last year, is becoming an oil refinery in China. The most densely distributed refinery.
The reason why oil giants at home and abroad gather in intensive clusters in Guangdong is mainly affected by the increasing trend of China’s imported oil products in recent years. In the era of self-sufficiency in oil products, China's oil refining companies are basically concentrated in the northern regions where oil fields are widely spread. With the continuous increase of imported oil products in recent years, the strategic position of Guangdong, which is the most China's mainland near the Middle East, Africa, Southeast Asia and other oil import sources, continues to highlight its strategic position. Guangdong, which is now taking the heavy industry as the first driving force in the new round of growth cycle, has also timely proposed the goal of creating an “Asian petrochemical center” to promote the sudden emergence of oil refining and other petrochemical industries.
Since the beginning of this year, in addition to the completion of the 800,000-ton ethylene project in Huizhou Shell and the 1 million-ton ethylene project in Maoming, the large-scale new expansion of the refinery has also become a major economic event in Guangdong.
It is understood that Sinopec's three major oil refineries in Guangzhou, Maoming and Zhanjiang are all undergoing large-scale expansions, of which the production capacity of Maoming Base will reach 20 million tons, while the bases in Guangzhou and Zhanjiang will reach 13 million and 8 million tons, respectively. Since the 12 million tons refinery project of CNOOC in Huizhou was started this year, more than 10% of the infrastructure work has been completed. The Sino-Korean Joint Venture Guangdong Refinery Project has been progressing smoothly since it was approved by the National Development and Reform Commission in July this year. This project is located in Nansha, Guangzhou, with a designed annual refining capacity of 13 million to 15 million tons, and a total investment of 5 billion U.S. dollars. It will surpass the previous total investment of 4.3 billion U.S. dollars in the China Sea Shell Nanhai Petrochemical project, becoming the largest in China. Sino-foreign joint venture projects. At present, Guangdong Province and Kuwait are making every effort to promote the construction of the project as soon as possible and strive to complete production and put it into operation before 2010.
According to the plan of Guangdong Province, by 2010, in addition to the production capacity of 4.4 million tons of ethylene, the refining capacity will reach 65 million tons.