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China: PetroChina Kunlun Gas to take over LPG wholesale business of Daqing Oilfield Fine Chemical Plant

China: PetroChina Kunlun Gas to take over LPG wholesale business of Daqing Oilfield Fine Chemical Plant

Write: Kalkin [2011-05-20]
p>PetroChina Kunlun Gas is expected to take over LPG wholesale business of Daqing Oilfield Fine Chemical Plant in the near future, a source with the latter said, adding detailed date is yet to be fixed.


LPG produced by Daqing Oilfield Fine Chemical Plant is normally used as vehicle fuel thanks to high alkyl content.


Ex-refinery price of the fuel was Yuan 5,500/mt Thursday, versus Yuan 5,000/mt of LPG from the other refineries in Daqing City, Heilongjiang Province.


Daqing Oilfield Fine Chemical Plant is subsidiary to PetroChina Daqing Oilfield, capable of producing over 40,000mt of vehicle-use LPG annually. It produces about 300mt per day of LPG at present.


Kunlun Gas has taken over LPG wholesale business of Lamadian Refinery and Anda Refinery, two independent refineries in Heilongjiang, as reported earlier.


China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html