CNOOC plans 17 bln yuan investment in petrochemical project in Hebei

15-Jul-08
Pending approval from regulators, China National Offshore Oil Corp (CNOOC) plans to invest 17 bln yuan in a petrochemical complex in Hebei province. The complex will be planned with an annual capacity of 12 mln tons. CNOOC's first 12-mln-ton refinery joint venture with Royal Dutch Shell in Huizhou is expected to become operational in September.
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