PetroChina resumes $10bn refinery construction after break as the number of new Covid-19 cases begins to fall

PetroChina resumes $10bn refinery construction after break as the number of new Covid-19 cases begins to fall
Published: 20 February 2020 - 5 a.m.
By: Martin Menachery
PetroChina has resumed construction of its oil refinery and petrochemical project in the southern Chinese province of Guangdong, as the number of new coronavirus cases begins to fall.

The $10bn refinery project is expected to fully restart construction by the end of February, the company said in a statement on Wednesday.

This latest project from Asia’a largest oil and gas firm is scheduled to be fully completed by June 2022, with the launch of an oil refining section by end-2021 and chemical section in March 2022.

The new coronavirus has so far caused over 2,000 deaths in China and infected more than 74,000 people, while measures to contain it have stunted the economy and paralysed its supply chains.

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