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China’s Sinopec to build crude production hub by 2020

by ChemOrbis Editorial Team -
  • 30/08/2016 (15:43)
According to media reports, China’s Sinopec is planning to build a crude production hub in Tarim basin between 2016 and 2020. The planned hub will have a production capacity of 1.5 million tons/year.

The company reported in a statement that its newly-discovered Shuibei oil field in Tarim basin has oil reserves of 1.2 billion tons and 500 billion cubic meters of natural gas.
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