The Zhonghai Petrochemical Oil Corp. will invest about CNY 10 billion in chemical fertiliser, natural gas development, a natural-gas pipeline and power plant upgrading projects in the island province of Hainan in the south. A petrochemical project worth CNY 3 billion yuan will be completed by November 2003. It will have a designed capacity of 450,000 tons of synthetic ammonia and 800,000 tons of carbamide. According to the strategy mapped out by CNOOC, CNY 5 billion will be invested to build a national gas field, Dongfang 1-1. The first-stage project of the field, which is expected to be finished in September 2003, has a designed capacity to produce 1.6 billion cubic metres of natural gas for consumption by the chemical fertiliser plant, the Yangpu Power Plant and Haikou residents. For that end, CNY 540 million will be spent to build a 254km natural-gas pipeline linking Dongfang city in Hainan, the Yangpu Power Plant and Haikou city. By 2005, the production capacity of the field will be raised to 2.4 billion cubic metres annually.
