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He noted that the refinery would produce Euro-V quality petrol and diesel, as well as jet fuel and polypropylene when completed. Describing the delivery of the crude oil processor, he hinted that the machine was manufactured by Sinopec in China.

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Analysis: China makes first-ever US SPR crude oil purchase

"It will either be sold to PetroChina refineries or independent refineries," he said, ruling out the possibility of it being put into China's SPR as that would defeat the purpose of raising PetroChina's profile in the international markets given the secrecy maintained around the origins and suppliers of crude oil into the SPR.