in this issue
People & Business :: Companies
China approves Hengyi’s refinery and aromatics investment in Brunei
March 18, 2013
China’s National Development and Reform Commission (Beijing) has approved a $4.3-billion investment in a refinery and aromatics complex by Zhejiang Hengyi at Pulau Muara Besar, Brunei. Hengyi plans to build a 160,000-bbl/day refinery, sourcing part of the crude oil requirement from Royal Dutch Shell. Hengyi would not have been able to construct a refinery in China because oil refineries in China are owned mainly by PetroChina and Sinopec. Hengyi last year reached a 15-year agreement to buy about 20 million bbl/year of crude oil from Royal Dutch Shell. The...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee