May 23, 2011 at 12:47 pm #2252
Construction of China-Russia refinery to start in H2
BEIJING, May 22, 2011 – The construction of a US$5 billion (RM15.15 billion) China-Russia crude oil refinery in the northern port city of Tianjin will begin in the second half of this year, paving the way for its operations by 2015, the official Xinhua news agency said today.
“The project is a priority for construction. We hope it can start operation by 2015,” Xinhua quoted Wang Junming, general manager of the Nangang industrial zone in the city, where the project is located, as saying.
Oriental refinery is expected to generate an annual revenue of 60 billion yuan (US$9.2 billion), Xinhua said.
China aims to build a complete industrial chain from oil refining to petrochemical engineering in the zone, Xinhua said.
Russia and China agreed in September to forge ahead with the joint-venture refinery to boost supply to fuel hungry Beijing but the key question for Russia.
Russia’s Deputy Prime Minister Igor Sechin joined Chinese Vice Premier Wang Qishan to lay the cornerstone of the 13-million-tonne per year (260,000 bpd) refinery, which was expected to be completed in two years.
The refinery is a joint venture between China National Petroleum Corp and Russia’s top oil producer, state owned Rosneft.
Russia is looking for Chinese investment in sectors such as energy and telecoms, while resource-hungry China has been eager to secure long-term oil and gas supplies from Russia, the world’s biggest energy producer. – Reuters
May 23, 2011 at 12:49 pm #5072
Here is update on $5B, 260MBD CNPC Tianjin Petchem/Refinery & Coker Expansion project.
The Sino-Russian relationships have hit some rough patches with disputes over the Crude P/L and price crude recently (see Refinery News post 4/22) but this projects the expansion to go ahead in 2011 with completion in 2015.
CNPC has small 300 kmtpy anode coker that will be shutdown and replaced by new/larger coker for expansion. But none these details are mentioned in this and previous news updates – which is typical for the China Refinery/Petchem expansions.
Note – Sinopec also has coking refineries nearby at both Dagang (Tianjin Dagang) & Tianjin.
June 19, 2011 at 11:01 am #5033
Rosneft in talks to boost oil exports to China for joint refinery project
MOSCOW, June 16 (RIA Novosti)
Russia’s state-run oil major Rosneft is in talks with China on boosting oil exports for its joint refinery project in Tianjin, Deputy Prime Minister Igor Sechin said on Thursday. The current bilateral intergovernmental agreement stipulates that Russia will supply 15 million metric tons per year of crude to China for 20 years.
“Rosneft is negotiating an increase in oil supplies in excess of 15 million tons for the project,” said Sechin, who oversees the country’s fuel and energy sector in the Russian government. Rosneft and China’s oil and gas corporation CNPC started the 13 million ton per year capacity joint refinery project in Tianjin near Beijing in May 2010. Rosneft will get a 49 percent stake in the project.
Russia, which started oil supplies to China from 2011 through the East Siberia-Pacific Ocean pipeline, plans to deliver 70 percent of the oil for the refinery from its East Siberian deposits, with the remaining 30 percent coming from the world market.
June 19, 2011 at 11:01 am #5032
Here is update on Rosneft-CNPC JV Refinery/Coker project. Looks like they worked thru the supply snag that was in news earlier. But they mention the JV Refinery project started in May 2010? Last project news was that it was delayed till 2H2011 & not likely finish until 2015?
I understand CNPC has existing small anode coker that will be shut-down when the new one / this expansion starts up. (Not to be confused with Sinopec’s Tianjin and new Dangang Tianjin cokers)
October 12, 2011 at 12:18 pm #4893
Update – Russia, China Bolster Energy Ties
MOSCOW, Oct. 12, 2011 (UPI) — Russia and China aim to boost oil deliveries to the Tianjin refinery, an effort between Russia’s Rosneft and CNPC, Russia’s deputy prime minister said.
A high-level delegation of Chinese officials arrived in Moscow to discuss bilateral ties, including energy issues. Russian officials said trade between the countries could reach $200 billion within 10 years.
Russian Deputy Prime Minister Igor Sechin said more oil could reach the Tianjin refinery from East Siberia.
“The issue of higher deliveries to the Tianjin refinery as part of Rosneft’s contribution is being negotiated,” he was quoted by Russia’s state-run news agency RIA Novosti as saying.
Rosneft holds a 49 percent interest in the refinery, which is near the Bohai Gulf area of the Yellow Sea. It has the capacity to handle as much as 200,000 barrels of oil per day and relies on oil from East Siberia for 70 percent of its volume.Russian Prime Minister Vladimir Putin, during talks with Chinese Premier Wen Jiabao, said both sides would focus on energy trade.
“The energy industry is a major area of cooperation, one that deserves separate consideration,” Putin said.”In this sector, our initiatives are yielding tangible results and helping us reconfigure the regional energy network.”
October 12, 2011 at 12:20 pm #4892
Here is update on the Rosneft CNPC Tianjin Coking Refinery expansion. The Refinery project started in May 2010 but hit a snag on crude supply & it was delayed until 2H2011 and expected to finish within two years (but now shown as 2015?). Several more details not mentioned in this post are in previous post – I will review some key ones:
The wording around Rosnefts crude deliveries indicates there are still some negotiations around 70% E Siberian crude (15MM mtpy for 20 years) the plant relies on. The previous updates said the CNPC JV (Rosneft 49% & CNPC 51%) Refinery was to cost $5Billion (RM$15.15B) and process 13-15.5 million mtpy (200-260 MBD) crude. CNPC existing small anode coker (~300kmtpy) is expected to be shutdown when the new expanded refinery & coker is completed.
This JV Refinery is near the Bohai Gulf area where 2 other Tianjin coking refineries/Petchems (Sinopec & Dagang) and and the new CNOOC coking refinery taking crude from COPs discovered Bohai Bay Crude. The Tianjin area is also a very large Petrochemical Hub where most refineries are integrated into PetroChemical plants as well.
China also hopes to have 30 MM cubic meters (189 million barrels) crude storage (SPR) in the Tianjin area within 10 years which is ~85% of Chinas first phase of Strategic Plan for Crude reserves.
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