International oil giant Shell has finalised a contract to build a $4bn
petrochemical complex in southern China.
[...]
Shell Chemicals will have a 50% stake in the company, with the other half owned jointly by China's National Offshore Oil Corporation, and the province of Guangdong.
The deal has still to be approved by the Chinese Government.
[...]
Earlier in October, Shell bought a stake worth more than $400m in China's main oil refiner and petrochemicals producer, Sinopec.
[...]
<a href="http://news.bbc.co.uk/hi/english/world/asia-pacific/newsid_996000/996069">http://news.bbc.co.uk/hi/english/world/asia-pacific/newsid_996000/996069</a> .stm Received on Sat Oct 28 21:16:00 2000
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