industrialinfo.com - Qatargas, CNPC and Shell to Build Joint Venture Refinery in China

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Qatargas, CNPC and Shell to Build Joint Venture Refinery in China

BEIJING--July 25, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--China National Petroleum Corporation (CNPC) (Beijing), Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands) and Qatargas (Doha, Qatar) signed a letter of intent in Doha to form a joint venture to build an oil refinery and petrochemical products manufacturing complex in China. The three parties will conduct a joint evaluation regarding the feasibility of the proposed project. The complex will manufacture finely treated fuel and petrochemical products. CNPC will hold 51% of the shares at the refining and petrochemical integrated complex; Qatargas and Shell will each hold 24.5% of the shares.

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Industry Segment: Petroleum Refining
Word Count: 270 Words

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