2007-3-18 11:42
vip
China to add 25,000 km of oil and gas pipelines by 2010
China plans to build another 25,000 kilometers of oil and gas pipelines by
vk+lSLhu;r6i
*qj
m0P%[5S+P
2010 to support economic development, said the China Petroleum Pipeline Bureau
~E[Qp
F
z
P*@BO.Ei+cs
(CPPLB). The length of the country's oil and gas pipelines totals KQ+k/_8X\9x%yw*yI
__I+\`r.Vz|
40,000kilometers at present, said Su Shifeng, director of the CPPLB, which is a
ceg t1^8Y/p,g
M_pC _;xh/u
leading enterprise in the country's oil and gas pipeline transportation clh7`[C
'cWU.`n*V&\
industry. The CPPLB recorded 420 million yuan (52.5 million U.S. dollars)of #qIS:Y]@pI
?
3R3v x?q6e
profits last year, 82.6 percent up from 2005, according to the company. It t2G(|1ac
P2g_7Z
j1H
raked in 8.4 billion yuan of revenues and turned in 395 million yuan of taxes 7`Y'Dr6Y
9VG { d9EUe_)W
last year. The CPPLB undertakes the construction of more than 80 percent of
B)Dn
~Z,W&J2weAP
5~D2qQ3~4?(l'`/a2m9O
China's oil and gas pipelines and over 75 percent of the country's crude oil lYQJE@'D9he5y