24 June 2008 02:49 [Source: ICIS news]
SINGAPORE (ICIS news)--Royal Dutch Shell said late on Monday that it has signed a letter of intent (LOI) with PetroChina and Qatar Petroleum International (QPI) to jointly assess the viability of building a refinery and petrochemical complex in China.
The proposed integrated refinery and petrochemical complex will have world-class production capabilities to produce refined fuels and petrochemical products with PetroChina holding a 51%, QPI 24.5% and Shell 24.5%, the statement said.
Further details such as the range of products to be manufactured and investment amounts were not revealed.
“This is a great opportunity for our respective companies to reinforce their business relationship and to play a significant role in the refining and petrochemical sectors in ?xml:namespace>
Other senior officials present include Jiang Jiemin, president of China National Petroleum Co, and Linda Cook, executive director of Shell.
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