Sinopec is expected to transmit a combined 740,000mt of gasoil and gasoline to Southwest China's Guangxi, Guizhou and Yunnan via its Southwest Oil Product Pipeline in March, up 9% from the previous month, revealed a source with pipeline department of the oil giant.
Gasoil allocation was 590,000mt, up 5% on month, and gasoline up 28% to 150,000mt, according to the source.
Sinopec increased the supply as demand would pick up in March, the source explained, adding the market was usually slack during the month which the Spring Festival (Feb 3) fell in.
Sinopec Southwest Oil Product Pipeline kicked off construction on Sep 19, 2003 and came onto stream by the end of 2005. It starts from Maoming of Guangdong province and ends in Kunming of Yuan province, passing through 37 cities and towns within Guangdong, Guangxi, Guizhou and Yunnan. Stretching out 1,691km in its full length and linking up 19 stations, it is the largest-scaled and longest oil products pipeline in the country by far.
