China BlueChemical and Yara Enter Strategic Partnership

摘要

China BlueChemical Limited,a subsidiary of China National Offshore Oil Corporation (CNOOC) said that it and Yara International ASA have agreed to form a strategic partnership.China BlueChemical will propose initial public offering and list on the Hong Kong Stock Exchange at the end of September 2006.The raised consideration (approximately US400 million) will be put in a newly-built fertilizer plant in Inner Mongolia,refunding loan and operation of China BlueChemical.