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A joint venture led by Bechtel was awarded a contract by CNOOC and Shell Petrochemicals Company Ltd. for the CSPC Nanhai petrochemical complex at Huizhou, in southern China's Guandong province. The $4.05 billion, 800,000-ton-per-year ethylene-based project consists of 11 chemical plants and associated services. Completion in scheduled for late 2005. The joint venture also includes Foster Wheeler Energy Ltd. and Sinopec Engineering Inc.
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