November 10, 2017 / 8:22 AM / in a year

China CEFC, Rosneft plan petchem complex in Hainan -media

BEIJING, Nov 10 (Reuters) - Private conglomerate CEFC China Energy agreed on Friday with Russia’s Rosneft to build a petrochemical complex in South China using liquefied petroleum gas and condensate to make petrochemicals, according to a Chinese media report.

The complex will be built in Yangpu, a port in China’s southernmost island province of Hainan, China Business Network reported, citing a CEFC executive.

The report did not provide any financial details of the deal or specify if this is a binding agreement.

A CEFC spokesman could not immediately confirm or comment.

Reporting by Chen Aizhu; Editing by Tom Hogue

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