NDRC Approves $5.5 Billion PetroChina-Sichuan Refining and Ethylene Project

BEIJING--May 22, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The National Development and Reform Commission of China (NDRC) has approved a 10 million-ton-per-year oil refining and 800,000-ton-per-year ethylene project co-funded by PetroChina (NYSE:PTR) (Beijing) and Sichuan Province's government.