Dalian: China National Petroleum Corp (CNPC) will invest in one of the major northeastern port cities, Dalian, which suffered an oil spill last July at its own facilities in Dagushan, to avoid paying direct compensation to local fishermen, state media said.
The state-owned oil producer has agreed to build plants in Dalian with annual refining capacity of 20 million tonnes and one million tonnes ethylene.
In return, Dalian government will pay compensation to the fishing industry for damage and losses caused by the oil spill, citing unnamed sources involved in the negotiations between authorities and CNPC, according to the state media. [05/01/11]
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