World News and Views :: Projects
PetroChina, Qatar Petroleum, and Shell Plan China JV
11:34 AM MDT | July 1, 2008 | Natasha Alperowicz
Qatar Petroleum (QP; Doha), Shell China, and PetroChina say they have signed a letter of intent (LOI) to “commence joint preliminary studies to assess the viability of building a refinery and petrochemicals manufacturing complex” in China and marketing the complex’s products in the domestic market. PetroChina will have a 51% stake in the joint venture, and QP and Shell will each hold 24.5%. The likely location and costs were not disclosed. Cook: Building on existing partnerships. The LOI was signed by Abdulla Bin Hamad Al Attiyah, Qatar’s...
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