China's state planner approves new oil refinery in Hebei province

BEIJING (Reuters) — The Hebei provincial division of China's National Development and Reform Commission (NDRC) said on Monday that it approved a refinery project owned by private company Risun Coal Chemicals Co.

The new refinery, near the port of Caofeidian in Hebei province, which is located in northeastern China, can process 15 MMtpy of crude, the Hebei NDRC said. That is about 300,000 bpd.

The refinery is expected to produce 810,000 t of gasoline, 2.5 MMt of jet fuel as well as 3.37 MMt of diesel per year.

Reporting by Meng Meng and Aizhu Chen; Editing by Christian Schmollinger

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