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CNOOC targets 5 independent China refineries

Home Forums Refining Community Refinery News CNOOC targets 5 independent China refineries

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    Charles Randall

    CNOOC Update – appears Chinese oil firms is going after 5 smaller independent refineries hit hard by cost of oil vs. state controlled price gas/diesel.  <Note CNOOC is also doing grassroots refinery & coker at Huizhou City – online by 2010>
    CNOOC identifies refinery takeover targets-paper  
    Reuters via Yahoo! Singapore News – Mar 29 9:49 PM
    BEIJING, March 30 – Chinese state oil firm CNOOC is zeroing in on five refineries in eastern China for possible acquisitions as the offshore oil and gas specialist pushes ahead on downstream expansion plans, a Chinese paper reported.

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