02-03-09 PetroChina, a leading Chinese oil producer and refiner, plans to expand a refining and storage base in Qinzhou, south China's Guangxi Zhuang Autonomous Region, an official with the municipal government confirmed.
The project, the second phase at the site, would have a designed annual refining capacity of 10 mm tons. The first phase also had 10 mm tons of refining capacity, the official said.

According to Liang Xinyue, head of bureau in charge of investment absorption at the Qinzhou Port economic development zone, the second-phase project will also include a 1-mm-tonarene (major industrial chemical) facility, a 3-mm-ton storage facility for crude and a 1-mm-ton storage facility for refined products.
Liang said the annual output value of the two phases would be yuan 300 bn ($ 43.9 bn). It would likely make Qinzhou a major oil refining and petrochemical production base. Liang said the first phase would cost about yuan 15.3 bn.