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MOSCOW (MRC) -- China National
Chemical Engineering Co Ltd said on Wednesday that its unit signed a contract
worth about USD1.17 billion to build a hydrocracking plant for Gazprom in
Russia, said Reuters.
The
engineering and construction company aims to complete construction of the
2.5-MMtpy plant in 32 months, it said in a filing to the Shanghai Stock
Exchange.
As MRC informed earlier,
Borealis AG, one of the largest polyolefins producers in Europe, and PAO
Gazprom, the world's gas major, signed a Memorandum of Understanding. The
document reflects the parties' interest in evaluating opportunities to develop
joint gas chemical projects in Russia.
PAO Gazprom (Russia) is a large
Russian company founded in 1989 which carries on the business of extraction,
production, transport and sale of natural gas. The company name is a contraction
of the Russian words Gazovaya Promyshlennost. The headquarters of Gazprom are in
Moscow. |
