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Sinopec has lofty plans in shale gas

Updated: 2012-03-21 07:40
By Zhou Yan ( China Daily)

Sinopec has lofty plans in shale gas

China Petrochemical Corp, also known as Sinopec Group, will invest more than 1 billion yuan ($158 million) in the shale gas and oil sector this year, according to a deputy manager at the company's research institute. Provided to China Daily

China Petrochemical Corp, Asia's biggest refiner, plans to increase its shale gas output to at least 2 billion cubic meters a year by the end of 2015, which would account for about one-third of the country's targeted production by then.

Sinopec has lofty plans in shale gas

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