First Ten-Million-Ton Crude Oil Pipeline Goes Live in New Five-Year Plan Period

Deep News
Aug 13

National Pipeline Network Group announced on August 13 that the Lianyungang-Yizheng Crude Oil Pipeline Project, a key national oil and gas infrastructure initiative, has achieved a successful first-phase operation for the Lianyungang-Huai'an section. This marks the inaugural ten-million-ton crude oil pipeline to commence operations at the start of China's "15th Five-Year Plan" period.

The project holds significant strategic importance for optimizing the energy supply structure in China's central and eastern regions and enhancing the "National Oil and Gas One Network" layout. Following the commissioning of the Lianyungang-Huai'an section, the pipeline will connect with the already operational Rizhao-Yizheng pipeline, ultimately transporting crude oil to the Yizheng station, a key eastern oil hub.

The pipeline system will have a maximum daily throughput capacity of 70,000 tonnes, serving refineries and petrochemical enterprises in Jiangsu Province and along the Yangtze River. This will effectively improve the multi-channel resource supply capability for end-users along the Yangtze River. The pipeline plays a vital role in optimizing the layout of the oil and gas pipeline network in the Yangtze River Delta region and enabling the unified allocation of imported crude oil resources.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10