Chinese Sinopec Group has commenced construction of a long-planned refinery and petrochemical complex in the southern city of Zhanjiang.
Sinopec and OPEC member Kuwait has agreed on a preliminary deal to build the energy complex in a $9 billion joint venture.
As per report, the first phase of the mega projects includes a 10 million tonnes per year refinery and an 800,000 tonnes per year ethylene complex.
