NEWS
NEWS
CCTV News Network Headlines Broadcast the Refining Project of Zhongda China Petrol Company in Kyrgyzstan
Date: August 25, 2016

On the evening of August 23, 2016, China Central Television broadcasted headlines on the Oil Refining Project of Zhongda China Petrol Company in Kyrgyzstan.

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In Kyrgyzstan, a $3 billion refining project was invested and built by our country three years ago has become the country's largest energy processing project, which not only transformed the country's dependence on imported oil but also prompted the local employment. “Zhongda China Petroleum Refinery is the first large-scale refinery in Kyrgyzstan. We contributed more than $100 million taxes to the local area”, said Nu Erjin, vice president of petroleum production of Zhongda China Petrol Company. Kuba, Minister of Oil Handling and Distribution Department of the company said, “I have been working at China Zhongda Petroleum Company for three years. I like working here, I can also learn advanced technology .”

The latest data shows that over 100 countries and international organizations have participated in China's strategic plans to build “the Silk Road Economic Belt” and “the 21st-Century Maritime Silk Road” in the past three years. China has signed cooperation agreements with more than 30 countries along the routes to jointly build the Belt and Road. Global cooperation on production capacity has been carried out with more than 20 countries, and a batch of landmark projects have gradually landed. In the past three years, the Belt and Road has been built from scratch, then from point to plane, and its progress and achievements have exceeded expectations. China's cooperation with many countries along the routes has expanded from single project to park construction.

Zhongda China Petrol Company's oil refining project is a wholly-owned oil refining project invested by Shaanxi Dade Investment Group Co., Ltd. and Central Asia Energy Co., Ltd which is the Holding Subsidiary of Shaanxi Province's Ultra-large State-owned Enterprise Shaanxi Coal and Chemical Industry Group. The construction of the project was started in 2009 with a total investment of about $450 million, and it was basically completed by the end of 2013. At the beginning of 2014, the production device was successfully put into use. 

The Oil refining project is located in the eastern industrial park of Carla Bard in Kyrgyzstan. The total area is about 5,200 acres. The existing facilities cover an area of about 1,000 acres and there are 3,200 acres of idle land. The Zhongda China Petrol Company Refining Project is a standard fuel-oil type oil refining project. It has the unique "cracking" device of China's oil refining company that can "eat and squeeze" the heavy oil completely, and its light refined oil yields have exceed Kirghizstan, Kazakhstan, Russia and other refineries. Its annual processing of 800,000 tons of crude oil, re-purchase of 100,000 tons of heavy oil, 95#, 92#, 80# gasoline, -20#, -10#, 0# diesel and petroleum liquefied gas and other products. The annual production of various types of products is about 800,000 tons, the quality conforms to market demand, and the demand for most of the productions began to exceed its supply.

Since its investment, the refining project has contributed a total of $100 million in various taxes and fees for the local government. It directly solved employment of nearly 700 people and indirectly employed more than 2,000 people. To some extent, it plays a highly significant role in Kyrgyzstan's energy autonomy. Since the project's investment and operation, it has received great attentions and supports from the government of China and Kyrgyzstan. The government of Kyrgyzstan, several officials of the Chinese government, and several leaders of Shaanxi Coal and Chemical Industry Group have visited Zhongda China Petrol Company and put forward many development suggestions for the work at that time and in the future.
The Refining Project of Zhongda China Petrol Company, which is invested by Shaanxi Dade Investment Group in cooperation with Shaanxi Coal and Chemical Industry Group, is now the largest processing industry project since the founding of Kyrgyzstan, also, the largest foreign investment project in Kyrgyzstan, as well as the largest investment project by Chinese companies in Kyrgyzstan. Additionally, the most advanced refining project in Central Asia, which is also, becomes Kyrgyzstan's largest tax source project. 

The "Belt and Road" and the "Park Construction" proposed by the CCTV News Network were officially launched at the end of July by Zhongda China Petrol Company. On July 20, 2016, Wang Lixia, deputy governor of Shaanxi Provincial People's Government, led a government business delegation to Zhongda China Petrol Company to inspect and guide the work. She stressed that Shaanxi Province should build a park and a platform around Zhongda China Petrol Company and use the park as a carrier to play the fulcrum role in Central Asia. Take advantage of the park to play the leading role of Shaanxi enterprises in Kyrgyzstan. At present, Shaanxi Provincial Department of Commerce is planning to build an industrial park around Zhongda China Petrol Company, and the company has done all the preparation works. The construction of industrial parks will certainly promote the development of more industries and projects in Kyrgyzstan, and increase more local people's employment. And it can provide more taxes for Kyrgyzstan, thus promoting Kyrgyzstan's economic liftoff on the whole.

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