In an interview in
"Over the next 10 years, we expect that 60 pct of the world""s petrochemicals growth will occur in Asia, over one-third in
ExxonMobil has so far invested 3 bln usd in facilities in
Last March ExxonMobil, China Petroleum & Chemical Corp (Sinopec), and Saudi Aramco set up two joint ventures with total investment of 5 bln usd to expand a Chinese petrochemical refinery and to operate a chain of 750 gasoline stations in Fujian province. The facility is the first foreign-financed fully integrated petrochemical plant in
Harris noted ExxoMobil currently has no other joint venture plan in
China""s oil demand is expected to increase over 4 pct per year from 2000 to 2030, driven by growth in the number of cars, he said, adding the country""s natural gas demand is projected to increase over 7 pct a year over the same period. Demand will primarily come from residential and industrial uses near urban areas.
China will consume about 35 pct of the world""s coal output by 2030, and over half the global coal-demand growth through 2030 will come from China, Harris added.
PIN/EURO2DAY.GR
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