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Sinopec starts building Shaoxing-Hangzhou product oil pipeline

BEIJING
2015-12-02 20:26

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Sinopec Corp. (SNP.NYSE; 00386.HK; 600028.SH), Asia's top oil refiner, has started construction of a 96.4km pipeline that will transport refined oil products from Shaoxing to Hangzhou in east China's Zhejiang Province, according to the Zhejiang Development and Reform Commission.

The pipeline involves an investment of 635 million yuan and has a designed transport capacity of 5 million tonnes per year. Trial operation is scheduled to begin before the end of August, 2016.

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