Shell-CNOOC JV Receives Government Approvals To Take Over New Petrochemical Complex In China

02-Nov-2016

Beijing, China, November 2, 2016 -- Shell Nanhai B.V. (Shell) and China National Offshore Oil Corporation’s (CNOOC) 50:50 joint venture has officially assumed ownership of CNOOC’s ongoing project to build an ethylene cracker and several derivatives units, after receiving all the necessary government approvals. Following a final investment decision in March 2016, the project will now be owned and operated by the existing joint venture, CNOOC and Shell Petrochemicals Company Limited (CSPC).

Shell and CNOOC to expand petrochemical complex in China

15-Dec-2015

Guangzhou, December 15, 2015 -- Shell Nanhai B.V. (Shell) and China National Offshore Oil Corporation (CNOOC) today signed a Heads of Agreement (HOA) to expand their existing 50:50 joint venture (JV) in Huizhou, Guangdong Province, China. Under the HOA, subject to final agreements and regulatory approvals, Shell is expected to join an ongoing CNOOC project to develop additional chemicals facilities next to the JV’s existing Nanhai petrochemical complex, which will be owned and operated by the existing JV.

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