PetroChina, Qatar, Shell in China refinery,petchem deal

BEIJING, June 24 (Reuters) - Qatar, Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK) have signed a letter of intent to build a refining and petrochemical complex as well as a sales unit in China, Shell and CNPC, the parent of PetroChina, said.

PetroChina would own 51 percent of the proposed joint venture, while Shell and Qatar would each hold 24.5 percent, the two companies said on Tuesday.

(Reporting by Chen Aizhu and Jim Bai; Editing by Anne Marie Roantree)