China National Offshore Oil Corp (CNOOC) has outlined preliminary plans to build petrochemical plants and offshore engineering facilities in Fujian province, in a move to aggressively expand into refining and petrochemical business. CNOOC is exploring establishing a large petrochemical base and commercial reserves of both crude and petroleum products in Ningde, Fujian province.
Among CNOOC’s existing facilities are a liquefied natural gas terminal in Fujian and an 800,000 tpa ethylene complex in southern Guangdong province.
02-Jun-09 
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