PETROCHINA and Sinopec, China's two leading oil producers, are expected to import 720,000 oil products in July for eastern regions, as part of the nation's efforts to ensure sufficient oil supplies during the upcoming Beijing Olympics.
According to ChemNet, a major Website for chemical and petrochemical industry information in China, the refined oil imports will be 18 percent higher than the June level. Of the total, 370,000 tons will be bought by Sinopec, and 350,000 tons by PetroChina.
The Sinopec imports will include 210,000 tons of gasoline and 160,000 tons of diesel oil. Shanghai will receive 90,000 tons of gasoline and 30,000 tons of diesel oil, and Jiangsu Province, 300,000 tons of gas and 30,000 tons of diesel.
The PetroChina imports will include 100,000 tons of gasoline.