China refined oil output to hit 310 million tons by 2015

BEIJING : World’s leading oil consumer China said its refined oil output expected at 310 million tons by 2015.

According to country’s the State Energy Administration, China will add about 100 million tones to its oil refining capacity during the 12th Five-Year Program which runs from Y’s 2011 to 2015.

Speaking at an energy conference here, Zhang Guobao, Chairman of Energy Administration said China will strengthen its domestic crude oil exploration and production over the next 5 yrs to produce 200 million tons of crude oil annually.

China will accelerate the construction of oil and gas pipelines over the next five years as pipelines are extended to reach 140,000 kilometers by 2015.

Zhang forecast China’s oil output may hit 190 million tons this year, while gas production will exceed 100 billion cubic meters.