China approves $20 billion mega petchem complex in Shandong oil hub -sources
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SINGAPORE (Reuters) - China's state planner has given initial approval for a $20 billion refinery and petrochemical project to be built in Shandong province, the country's hub for independent oil refineries, said two persons with knowledge of the matter.China's National Development & Reform Commission (NDRC) gave a greenlight on Monday for the Shandong provincial government to start planning a 400,000 barrel-per-day (bpd) refinery and 3 million tonne-per-year ethylene plant in Yantai, said the..