12b yuan boost for Xinjiang refinery

China National Petroleum Corporation (CNPC), the country's top oil and gas producer, plans to invest 12 billion yuan this year in its Dushanzi refinery in Xinjiang, the largest petrochemical project in the western region.

The company "has invested 18.6 billion yuan in the Dushanzi refinery and petrochemicals complex, and will accelerate construction of the project this year", CNPC said on its website yesterday.

Construction of the project started in 2005, with a total investment of around 30 billion yuan. It consists of oil refining facilities with a capacity of 10 million tons per year and ethylene production facilities with an annual capacity of 1 million tons.