PetroChina, QPI and Shell ink deal for refinery and petrochem project in China

24-Jun-08
Qatar, Royal Dutch Shell and PetroChina have inked a dela to build a refining and petrochemical complex as well as a sales unit in China. PetroChina will hold 51% stake, while Shell and Qatar will each hold 24.5% stake. A Letter of Intent (LOI) has been signed to commence joint preliminary studies to assess the viability of building a refinery and petrochemical manufacturing complex and marketing its products in China.
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