Ningbo Daxie Development Zone was established with the approval of the State Council in March 1993. Developed by China CITIC Group Corporation (CITIC), it enjoys the policy of national economic and technological development zone. The development zone is located in the middle of Chinese mainland coastline, east of Ningbo, Zhejiang. Since 1993, the infrastructure of the development zone is complete, forming the framework of a modern port area and a port-based energy and petrochemical base. CNOOC Daxie Petroleum Reserve Project is located in Daxie Island, Daxie Development Zone, Ningbo City, Zhejiang Province.
CNOOC Daxie Trading Co., Ltd. was established on July 20 10 12. It is a joint venture between CNOOC Petrochemical Import and Export Co., Ltd. and CITIC Port Investment Co., Ltd., mainly engaged in the wholesale and retail of chemical raw materials and products and fuel oil. Self-employed or agent for the import and export of goods and technologies; International freight forwarders, domestic and international road freight forwarders; Commodity information consulting and investment consulting services (except securities and futures).