CNOOC and Shell to expand petrochemical complex in Huizhou,China

摘要

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B. V (Shell) announced the final investment decision to expand CNOOC and Shell Petrochemical Company's (CSPC) existing 50:50 joint venture in Huizhou, Guangdong Province, China. Subject to regulatory approvals, CNOOC and Shell have agreed that CSPC should take over CNOOC's ongoing project to build additional chemical facilities next to CSPC's petrochemical complex.