The Shell-China National Offshore Oil Corp's US$4.3-bil integrated petrochemical complex in Guangdong province is well on track. Completion of the project is slated for the end of 2005.
The Nanhai project, to be China's largest JV project between a domestic and a foreign company, is being built at the Daya Bay Economic and Technical Development Zone. The project is a 50:50 joint venture between Shell Nanhai, a member of the Shell Group of Companies, and CNOOC Petrochemicals Investment Ltd. (CPIL).
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