Two oil tankers completed loading and inspection of diesel oil and No 92 gasoline at the Zhongke refined oil terminal on Oct 22, before departing for Singapore and the Philippines.

This is the first batch of refined oil produced by the Zhongke (Guangdong) Refinery and Petrochemical project that has been exported overseas since the project was put into production in June.

The batch of refined oil has a total weight of 60,000 metric tons. It is estimated that the refined oil exports of Zhongke in October will reach 90,000 tons.

The oil tanker completes loading and inspection of refined oil at the Zhongke refined oil terminal on Oct 22. [Photo/WeChat account: gdzjfb]

Located in Donghai Island of Zhanjiang, the Zhongke (Guangdong) Refinery and Petrochemical project is an important part of the construction of the Belt and Road. It is also of great importance in speeding up the development of a major growth pole of a modern coastal economic belt in Guangdong province.

The project is currently the largest joint venture refining and petrochemical project in China. It was invested in by Sinopec Group and Kuwait National Petroleum Co, with a total investment of more than 40 billion yuan ($5.83 billion).

It is able to refine more than 10 million tons of crude oil and produce more than 800,000 tons of high-end ethylene products annually. It can realize an annual output value of more than 60 billion yuan.

The project can also help introduce more than 200 billion yuan in newly increased investment in the middle and lower reaches of the refining and petrochemical industry chain, including plastic materials, electronic chemicals, as well as refining chemicals.