China has given initial environmental clearance to an $8.7 billion joint-venture refinery between PetroChina Co Ltd and Venezuela's state oil company Petroleos de Venezuela SA (PDVSA).
The refinery, to be located in Jieyang in the southern province of Guangdong, would have a crude refining capacity of 400,000 barrels per day, according to the website of China's environmental watchdog, the Ministry of Environmental Protection.
The refinery, to be located in Jieyang in the southern province of Guangdong, would have a crude refining capacity of 400,000 barrels per day, according to the website of China's environmental watchdog, the Ministry of Environmental Protection.
