Sinopec Plans Investment Boost in Xinjiang

China Petroleum and Chemical Corporation (Sinopec) plans to invest close to $8 billion to boost oil and gas production in Xinjiang by 2015, Xihnua reported Tuesday.

The company is planning to increase the capacity of its Tahe refinery in Kuqa country to 10 million tons per year, from 4.25 million tons last year.

The company also plans to develop its crude oil production in Xinjiang to 10 million tons, and 1.8 billion cubic meters of natural gas output, from 7.25 million tons and 1.59 billion cubicmeters in 2011, respectively.

Sinopec will also construct two coal gas pipelines to the coastal provinces of Guangdong, Zhejiang and Shandong, aiming for operation by 2015.