Engineering unit of China’s CNPC to build first refinery in Cambodia
5/5/2016 12:00:00 AM
BEIJING, May 5 (Reuters) -- An engineering unit of China National Petroleum Corp. (CNPC) won a $620-million contract to build an oil refinery in Cambodia, China's official Xinhua News Agency reported on Thursday.
Northeast Refining and Chemical Engineering Co.(CNPCNE) is scheduled to complete building the first phase of the project of 2 MMtpy, or about 40,000 bpd by 2018, Xinhua said.
This will be Cambodia's first oil refinery and will help cut its reliance on fuel imports, Xinhua said.
The refinery, located in Cambodia's southwestern Preah Sihanouk province, will be further expanded to 100,000 bpd at a total cost of $3 billion, Xinhua quoted Hann Khieng, the managing director of the Cambodian Petrochemical Co. (CPC), as saying.
The plant is jointly owned by CPC and the Chinese firm Sinomach China Perfect Machinery Industry Corp.
(Reporting By Kathy Chen and Chen Aizhu; Editing by Christian Schmollinger)
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