Sinopec plans to boost output,imports

时间：2007-11-20 07:39:48

（单词翻译:单击）

BEIJING, Nov. 20 - China Petrochemical Corporation, better known as Sinopec Group, is planning to boost output and imports amid efforts to stabilize1 the domestic oil supplies.

 

The oil giant has ordered subsidiaries to work on their full capacities to refine 42 million tons of crude oil in the fourth quarter and also to refine 200,000 tons more as scheduled in December.

 

To achieve this, Sinopec Group has ordered five refining subsidiaries to halt facilities maintenance on the precondition of safety, a source with the company said.

 

The group's oil output for October was 198,000 tons more than the target and it planned to raise diesel2 production for November by cutting aviation fuel output by 80,000 tons.

 

Despite losses making, Sinopec will continue to import 200,000 tons of diesel in December after it imports 277,000 tons of refined oil this month.

 

The oil firm halted imports of refined oil this September and October as the domestic oil prices were lower than the import prices.

 

Quite a number of oil filling stations across the country are suffering from supply shortages. Experts believed the government should reform the oil pricing mechanism3 to reflect the international oil price hikes in a bid to give a boost to the oil giants.

 
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1 stabilize PvuwZ     
vt.（使）稳定，使稳固，使稳定平衡；vi.稳定
参考例句：
  • They are eager to stabilize currencies.他们急于稳定货币。
  • His blood pressure tended to stabilize.他的血压趋向稳定。
2 diesel ql6zo     
n.柴油发动机，内燃机
参考例句：
  • We experimented with diesel engines to drive the pumps.我们试着用柴油机来带动水泵。
  • My tractor operates on diesel oil.我的那台拖拉机用柴油开动。
3 mechanism zCWxr     
n.机械装置；机构，结构
参考例句：
  • The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
  • The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

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