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English > Industry > Industry-Breaking News>CNOOC, Fujian Government to Invest in Energy Projects

CNOOC, Fujian Government to Invest in Energy Projects

06-26 13:13 Caijing



» China National Offshore Oil Co. (CNOOC), the parent company of CNOOC Ltd., plans to tie up with the government of southeastern China's Fujian province to invest 23 billion yuan in several energy projects there, China Business News reported.
» CNOOC, the country's top offshore oil and gas producer, will construct a crude reserve with a 5 million ton capacity and a liquefied natural gas terminal with an annual capacity of 2.6 million tons on an island near Ningde city, the paper said.
» CNOOC also plans to build oil and gas docks and ship-building facilities on the island, according to the paper, but the company has yet to announce the construction timetable for the projects.
From wires
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