07.08.2009, 17:40 2878

Large petrochemical complex to be constructed in east of China

PetroChina and its foreign partners Qatar Petroleum International and Royal Dutch Shell declared on their plans of construction of a large petrochemical complex in the city Taizoy in the east of China, the agency reports citing ChinaNews.ru.

Almaty. August 7. Kazakhstan Today - PetroChina and its foreign partners Qatar Petroleum International and Royal Dutch Shell declared on their plans of construction of a large petrochemical complex in the city Taizoy in the east of China, the agency reports citing ChinaNews.ru.

According to a source, the investments into this project will be 80 billion yuans ($11.5 billion).

According to the arrangement, the shares of joint venture at the rate of 51 % will belong to PetroChina while Shell and Qatar Petroleum will receive 24.5 %.

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