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China’s Oil Refining Capacity to Expand 20% by 2015

China, the world’s second-largest energy user, aims to expand its oil refining capacity by 20 percent in the coming five years as domestic demand rises.

China will add about 100 million metric tons of annual capacity, or 2 million barrels a day, to boost its total capacity to 600 million tons by 2015, Xinhua News Agency reported today, citing Zhang Guobao, head of the National Energy Administration.

Source: Bloomberg

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