Opening-up, global ties boost energy industry

BEIJING - With its second ethylene cracker in South China starting operations this month, China National Offshore Oil Corporation or CNOOC pushed its cooperation with Shell Petrochemical Company to a higher level.

The 1.2-million-metric-ton project has more than doubled the capacity of the company's Nanhai petrochemicals complex, thus supporting this 50:50 joint venture of CNOOC and Shell in meeting the growing Chinese demand.

"The expansion project demonstrates great synergies between CNOOC's engineering, construction, and management capabilities, and Shell's advanced technologies in chemicals," said He Zhongwen, president of CNOOC Oil& Petrochemicals Co Ltd, a subsidiary of CNOOC that runs the Nanhai complex.