In a move that will almost double refinery capacity, CNOOC has planned an investment outlay of US$6.5 bln (44.2 bln yuan). CNOOC has inked an agreement with the Huizhou city government of Guangdong prrovince to bring crude processing capacity to 22 mln tpa from 12 mln tpa by 2015, as well as addition of a 1 mln tpa ethylene complex.
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Wednesday, April 01, 2009
CNOOC’s Huizhou refinery expansion planned at outlay of US$6.5 bln
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