China-based HaiKe Chemical Group Ltd. said it has partially reopened its oil refinery facilities as a result of improved market conditions.

The AIM-quoted petrochemical, speciality chemical and biochemical company had said on July 23 that was temporarily shutting down its oil refinery facilities for a major overhaul but added that it saw operations resuming during the current year following an expected increase in the price of refined oil products.

Copyright 2008 AFX News Limited. All Rights Reserved.