Tianjin project

2008-12-31 | NEWSPAPER EDITION

CHINA National Offshore Oil Corp, the nation's third-biggest oil producer, agreed to invest 15 billion yuan (US$2 billion) in renewable energy projects and grow sales in Tianjin.

The Beijing-based parent of Hong Kong-listed CNOOC Ltd has signed a pact with Tianjin's government to set up a renewable energy industry base in Tianjin's Binhai economic zone.

Pushing forward

China National Offshore Oil Corp says it is "actively pushing forward" the acquisition of independent refineries to expand into oil processing. The company is "doing due diligence on several rather big privately...