Industry / China
Shell May Join CNC Refining Venture
May 2006 | Company News AlertAnglo-Dutch oil major Royal Dutch Shell said yesterday that it is in talks with state-controlled China National Offshore Oil Corporation (CNC) over a US$2.4bn refinery project in southern China. Shell wants to invest in the refinery to integrate the facility with an adjacent US$4.3bn petrochemicals joint venture with CNC. This is in spite of recent losses made by Chinese refineries due to state pricing
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