China National Offshore Oil Corporation (CNOOC), the country’s biggest offshore oil and gas producer, is building an industrial zone at Sandu’ao Port (shown in the illustration), Ningde City, Fujian Province.
The zone is 63 square kilometers in total, and will cost multi-billions of renminbi in the first phase of construction.
Trading Markets reports that Sandu’ao Port is in the Yangtze River Delta, the west coast and the east coast of the Taiwan Strait.
Given its important strategic position, CNOOC plans to set up a large petrochemical industrial base, a commercial petroleum storage base, a refined oil storage base, a shipbuilding base and an offshore oil industrial base supporting equipment manufacturing there.
Moreover, it will speed up the expansion of its integrated refining and chemical industrial chain, which is already operating in the area.