China National Offshore Oil Corp, the parent of CNOOC Ltd, already plans to invest 45 billion yuan ($6.59 billion) to expand its new Huizhou refinery, which is expected to come on stream next month, the China News Service reported.
\r\n\r\n\r\nThe expansion will boost the capacity of the refinery to 22 million tons per year from 12 million, the report said.
\r\n\r\n\r\nConstruction will begin next year and the new facilities are expected to become operational in 2011.
\r\n\r\n\r\nLocated in southern Chinas Guangdong province, the refinery is a joint venture with Royal Dutch Shell.
\r\n\r\n\r\nThe report said CNOOC Refining will also build a one million ton per year ethylene facility in Huizhou.
