China's CNPC, Rosneft to build a 15 mln ton Dagang refinery in Tianjin – update

[Charles RandallParticipant]

X UK Focus) 2008-09-24 04:30
China’s CNPC, Rosneft to build a 15 mln ton refinery in Tianjin – report

BEIJING (XFN-ASIA) – China National Petroleum Corp (CNPC), the parent of PetroChina, will join hands with Russia’s state-run Rosneft to build a joint venture refinery in northern China’s Tianjin, the 21st Business Herald reported.
The two parties are expected to sign an agreement on the project next month, the paper quoted an official of the Tianjin government as saying.
The refinery, to be located in the Dagang district, off Bohai Bay, will be able to process 15 mln tons of crude oil per year, the paper said.
The report did not say how much will be invested or outline the timetable for operations.
CNPC and Rosneft agreed in March 2006 to intensify cooperation in the oil sector.
Vostok Energy, a joint venture between them set up in October 2006 , has won licenses to explore for oil and gas in two blocks in eastern Siberia.
The two fields’ oil reserves are estimated at 30 mln and 50 mln tons, respectively. Their gas reserves are estimated at 15 bln and 90 bln cubic meters.
The fields are near the East Siberia-Pacific oil pipeline, which Rosneft plans to use to supply China.
 

[Charles RandallParticipant]

Here is update on Rosneft & Petrochina JV Dagang Refinery for Tianjin region.
 
I believe PetroChina already has a Dagang Petrochemical refinery in Tianjin with a coker that came online in 2004; So I wonder why the Rosneft JV will be a separate grassroots instead of an expansion?
 
Does anyone have any details on the existing coker in Tianjin?
Regards

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