The world's largest oil company Exxon Mobil Corporation says it has early discussions with Chinese oil producer Sinopec to build an integrated refining complex in China's Guangdong Province.
The move would be part of Exxon's plans to expand refining operations in China.
The proposed refining complex would be somewhat similar to a $3.6 billion refining complex in Fujian Province that Exxon has agreed to develop with Sinopec.
The Guangdong complex would build upon and expand an existing chemical plant and smaller refinery there.
There is no timetable for when such a complex might come to fruition, since the talks are still at an early stage.
(CRI.com February 16, 2005)