Shell & CNOOC in Record Start-Up

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Chinas biggest foreign-invested joint venture, a massive petrochemicals complex, has successfully started production, according to official media.

The US$4.3 billion joint venture in Daya Bay, Guangdong, is between China National Offshore Oil Corporation (45 percent), and Shell Petrochemical Company Limited (50%), with the Guangdong government holding the remaining 5 percent.

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