Exclusive: China approves $20 billion mega petchem complex in Shandong oil hub - sources
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SINGAPORE (Reuters) - China is reviving a $20 billion (16.02 billion pounds) 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, two China-based industry sources said. The 400,000 barrel-per-day (bpd) refinery and 3 million tonne-per-year ethylene plant in Yantai, Shandong, the country's hub for independent oil refineries, was proposed years ago but approval has been..