CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

PetroChina to boost April oil processing by 15%

04-07-2011 16:49 BJT

PetroChina Co, the nation's largest oil company, will increase oil processing and shorten maintenance of its plants to ease a fuel shortage in some regions, the Bloomberg News reported.

The refiner will raise processing volumes by 15 percent this month from a year earlier and oil-product output by 19 percent, according to China News Service's report on March 6. The report didn't give exact volumes. Gasoline and diesel yields will rise 2.4 percent, it added.

PetroChina will run its refining units at more than 98.5 percent of designed capacity, the report said.

The country's domestic fuel supplies have fallen after some private refineries cut processing because of higher crude costs.

China raised gasoline and diesel prices by 5.8 percent on Thursday after crude oil prices increased to the highest in more than two years, the report said.

Editor:Xiong Qu |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program