China and Kuwait to jointly set up an oil refinery

时间：2007-12-06 08:32:01

（单词翻译:单击）

Chinanews, Beijing, Dec. 6 – China has approved the proposal on setting up a joint-venture oil refinery1 in south China's Guangdong Province. The oil refinery will involve an investment of 5 billion US dollars. Sinopec and Kuwait Petroleum2 Corporation will be the company's major shareholders3.

 

In the approval letter, the State Development and Reform Commission says it wants to build an oil refinery that can generate one million tons of ethylene every year, Sinopec disclosed the news through the company's newspaper.

 

The approval substantiates4 the plan included in a memorandum5 of understanding (MOU) signed by China and Kuwait back in 2005.

 

The oil refinery might be able to produce 300,000 – 350,000 barrels of oil every day, a production volume that will ensure that crude oil imported from Kuwait will account for 10% of China’s total oil import.

 
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1 refinery QiayX     
n.精炼厂，提炼厂
参考例句：
  • They built a sugar refinery.他们建起了一座榨糖厂。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
2 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
3 shareholders 7d3b0484233cf39bc3f4e3ebf97e69fe     
n.股东( shareholder的名词复数 )
参考例句：
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
4 substantiates 0aa936e787a45b6a4dbf435851f65fd5     
v.用事实支持（某主张、说法等），证明，证实( substantiate的第三人称单数 )
参考例句：
  • Confirms or establishes authenticity; substantiates. 确认真实性；证实。 来自互联网
  • The painting substantiates the feelings of the artist. 这幅画表达了这位画家的情感。 来自互联网
5 memorandum aCvx4     
n.备忘录，便笺
参考例句：
  • The memorandum was dated 23 August,2008.备忘录上注明的日期是2008年8月23日。
  • The Secretary notes down the date of the meeting in her memorandum book.秘书把会议日期都写在记事本上。

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