Middle East Economic Survey
China Proposes Two Refinery/Petrochemicals Complexes
Chinas Sinopec and CNPC have both proposed building major refinery/petrochemicals complexes at the new Bohai Bay port of Caofeidian, Reuters said on 21 August, citing a local industry newspaper report. The companies proposed building two separate 200,000 b/d refineries and 1mn tons/year ethylene complexes. Plans are expected to be submitted to Chinas economic planning agency...