Hilo de energía y petróleo

[hakz2007]

CHINA INTERESTED IN CUBAN OIL REFINERY EXPANSION

CIENFUEGOS, CUBA, June 17 (NNN-ACN) - Chinese Ambassador to Cuba Liu Yuqin said her country had great interest in large-scale investments such as in the Camilo Cienfuegos Oil Refinery in its second phase expansion to refine 150,000 barrels per day.

She referred to the approach of Chinese companies to develop basic engineering in the growth of the industry and the Chinese company won the tender to take part in the 19 projects in Petrochemical Pole in the central Cuban province.

Financial support and sophisticated technology by Chinese companies like Sinopec, Wuhu HQCEC are of great significance to undertake the new construction programmes at the Cienfuegos Refinery and other works that are attached to the industrial process of fuel, industry source said.

With the expansion of the “Camilo Cienfuegos” Cuba seeks greater efficiency, to reduce waste and increase the number of added-value products all within these projects in progress since 2008, scheduled to conclude in 2014.

Yuqin said China is Cuba's second trading partner after Venezuela and as an example she mentioned commercial trading for over US$2 billion between 2007 and 2008.

She added that last year, despite the global economic crisis, commerce between the two countries was of about US$1.5 billion.

In addition to the refinery, the Chinese ambassador visited the Simon Bolivar neigbourhood, built with the PetroCasas technique, which was inaugurated nearly three years ago during the Summit of Petrocaribe in Cienfuegos.

Rolando Díaz González, president of the Provincial Assembly and Iran Millan, director of the Office of Curator of the City explained to the diplomat and her accompanying delegation the development of the various social and economic spheres in the province.

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