Others News
- China, Russia to build refinery in Tianjin
Date: 26-Nov-2007 Sources: (Shenzhen Daily)
CHINA and Russia have agreed to locate a planned oil refinery capable of processing 10 million tons a year in the northern port city of Tianjin.
The country's top oil firm, China National Petroleum Cooperation (CNPC), and Russia's Rosneft have set up a joint venture in Tianjin to implement the project, which is still subject to approval by the National Development and Reform Commission. The refinery project is a concrete follow-up to the two companies' agreement reached in March 2006 to intensify cooperation in the oil sector. The Central Government has listed Tianjin as a national base for the development of the oil industry.
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