Dutch Media Says Shell May Withdraw from Nanhai Petrochemical Project

Dutch news agency Dutch News reported earlier that Shell Oil may withdraw from the South China Sea petrochemical project with CNOOC in view of the possibility of the shares being cut. The report quoted Frans Gunsteren, a former senior manager who participated in the project, saying that China no longer needs expensive foreigners and wants to go it alone. According to reports, Shell currently owns 50% of the shares in the Nanhai petrochemical project in Huizhou, Guangdong, and China hopes to reduce its stake to 30%. The Nanhai Petrochemical Project started in 2006 and is expected to have a total investment of US$4.4 billion. It is one of the largest joint venture projects in China and will become a major supplier of Sinopec's raw materials after completion.

Reverse Plain Dutch

Reverse Plain Dutch,Reverse Plain Dutch Weave,72 X 15 Mesh Reverse Plain Dutch,152 X 24 Mesh Reverse Plain Dutch

Anping Guangtong Hardware Wire Mesh Co.,Ltd , https://www.apguangtong.com