China approves USD20 bln mega petchem complex in Shandong oil hub

MOSCOW (MRC) -- China is reviving a USD20 billion petrochemical project in eastern Shandong province as part of efforts to dial up infrastructure spending to support an economy struggling with the impact of the coronavirus pandemic, reported Reuters with reference toВ two China-based industry sources.The 400,000 barrel-per-day (bpd) refinery and 3 million ton-per-year ethylene plant in Ya

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