PetroChina, Qatar Petroleum, and Shell Ink Agreement for World-Scale Project in China

China National Petroleum Corp. (CNPC), parent of PetroChina; Qatar Petroleum International (QPI); and Shell signed an agreement this week to proceed with a previously announced $12.6-billion refinery and petrochemical complex at Taizhou, Zhejiang Province, China. The partners signed a framework agreement with the Taizhou municipal government last October.   Shell Chemicals confirms to CW that “PetroChina, Shell, and QPI have signed a joint venture heads of agreement in Doha to progress the proposed integrated refinery, petrochemical, and marketing...

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