Friday, October 6, 1972
The spokesman made it clear that the Government would make its
final decision in the light of the consultants' report and the ability
of the operating company, if it builds the refinery, to meet the
necessary conditions.
involved.
Meanwhile, discussions will begin on the other considerations
The first stage of the project under examination by Shell would involve the construction of a 200,000 barrel-a-day (10 million tons a year)
refinery for completion in 1979-80.
All the crude storage tanks would be in caverns beneath the existing landscape, but the refinery plant and product storage would be on formed and reclaimed land. The proposed lease area covers about 410 acres.
Hong Kong's total requirement for petroleum products is at
present in the order of 90,000 barrels-a-day (41⁄2 million tons a year)
and is forecast to increase at an annual rate of approximately 9 per cent.
Shell has indicated that products not drawn from a refinery to
meet the needs of the local market would be exported to a number of
destinations, primarily in the Far East.
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