(EnergyAsia, June 27 2012, Wednesday) — CNOOC, China’s third-largest oil refiner, is building a 60,000-b/d plant in eastern Jiangsu province to process crude for its production of lubricants and petrochemicals.

The 10.2-billion-yuan plant to be built alongside an existing refining unit in Taizhou city is expected to start up in 2015.

CNOOC, parent of offshore oil and gas producer CNOOC Ltd, and Shell own a 240,000 b/d oil refinery in Huizhou in southern Guangdong province that is linked to a petrochemicals complex. CNOOC is looking to expand the refinery by 200,000 b/d by mid-decade.