1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Shenhua Group to step into retail oil market

      2012-09-06 15:59 Xinhua     Web Editor: qindexing comment

      China Shenhua Group will reportedly open its first petrol station in northern China soon, underlining the coal giant's ambitions of grabbing a share in the oil market that has long been dominated by three domestic oil companies.

      The station, located in Erdos, north China's Inner Mongolia Autonomous Region, will sell product oil liquefied from coal by Shenhua's coal liquefaction factory in Erdos, Securities Daily reported on Thursday.

      The move came two years after the state-owned coal giant's Erdos subsidiary obtained licenses for wholesale business in the oil market.

      Because of low costs and cheaper prices, Shenhua's coal oil will be very competitive with traditional refined oil provided by PetroChina, Sinopec and China National Offshore Oil Corp., analysts said.

      The move will help diversify revenue sources for Shenhua, which has premium coal resources and a leading coal liquefaction technique, said Qiu Xizhe, an analyst with China Investment Consulting Co.

      The three oil giants' market position is unlikely to change at present due to their dominance in oil and gas production and the small scale of Shenhua's production, but the promising coal oil will likely take a lion's share in the future, Qiu said.

      China has been seeking clean ways to use coal, as it has large deposits of coal but lacks oil and gas. Coal is mainly used for power generation, which has been blamed for causing severe pollution.

      In 2004, Shenhua broke ground on a coal liquefaction production line with an annual output of 1 million tonnes in Erdos, marking the country's only project targeting the industrial production of coal oil. No other country has put the coal liquefaction technique into industrial production.

      The project produced 427,800 tonnes of oil products in the first half, and is expected to achieve its designed annual output capacity at the end of the year.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 免费jjzz在在线播放国产| 99久久国产精品免费一区二区| 国产精品99久久免费观看| 国产偷窥女洗浴在线观看亚洲| 香蕉高清免费永久在线视频| 亚洲人成综合在线播放| 4455永久在线观免费看| 亚洲国产精品yw在线观看| 91福利免费体验区观看区| 亚洲国产成人久久99精品| 成人免费一级毛片在线播放视频| 免费在线观看黄网| 亚洲精品国产日韩无码AV永久免费网 | 欧美好看的免费电影在线观看| 在线观看国产情趣免费视频| 欧美亚洲精品一区二区| 亚洲国产精品激情在线观看| 精品一区二区三区免费观看| 亚洲AV无码乱码国产麻豆| 久草免费在线观看视频| 亚洲精品乱码久久久久蜜桃| 亚洲日本一区二区一本一道| 免费av片在线观看网站| 亚洲中文字幕久在线| 免费v片在线观看无遮挡| 日韩精品无码免费专区网站| 亚洲成年人电影网站| 毛片免费观看网址| 国产福利在线观看永久免费| 亚洲男人的天堂在线播放| 成人午夜视频免费| EEUSS影院WWW在线观看免费| 中文字幕亚洲精品| 日本不卡高清中文字幕免费| 人妻在线日韩免费视频| 亚洲无吗在线视频| 亚洲精品无码成人片久久| 毛片免费观看的视频| 国产精品美女久久久免费| 亚洲xxxxxx| 亚洲中文久久精品无码|