CNPC, Qatar Petroleum & Shell Jointly Build Refinery

On October 10, CNPC, Qatar Petroleum International and Shell (China) Limited signed a cooperation framework agreement with Taizhou Municipal Government, to jointly build a refining and petrochemical complex in Taizhou, Zhejiang province.

CNPC Vice President Shen Diancheng, Qatar Petroleum International CEO Nasser, Shell (China) Limited Chairman Lin Haoguang, and Mayor of Taizhou Wu Weirong attended the signing ceremony.

The Taizhou refining and petrochemical project will refine imported condensate to produce ethylene and other petrochemicals. It will spur the construction of many midstream and downstream petrochemical projects, highly raise local self-sufficiency rate of petrochemical products, and promote the industrial transformation and upgrading in Zhejiang province.