(Hong Kong, 13 November 2006) - China BlueChemical Limited (“China BlueChem” or the “Company”) today announcedthatthe600,000-tonnemethanol　plant,aninvestmentofCNOOCKingboard Chemical Limited (“CNOOC Jiantao”), which started trial production in September has shipped 2,900 tonnesofmethanol　toVietnambytheendofOctober,thisisalsothefirstexportcommenced. Specialized vehicles were used to deliver the methanol – a highly inflammable Category 2 hazardous chemical–directlyfromtheproductioncomplextotheSingaporefreighterattheBasuoPortfive miles away.　

With a 600,000 tonnes designed annual production capacity, the CNOOC Jiantao methanol plant is one of the largest single facilities of its kind inChina. Located in Dongfang City of Hainan province,the total investment cost of the plant is approximately RMB1.5 billion.　

Mr. Fang Yong, Executive Vice President of China BlueChem responsible for marketing and sales, said, “The superb location of the CNOOC Jiantao methanol plant close to both water and land transportation provisions is what underscored the smooth export shipment. Current market demand for methanol is quitestrong　andourtargetmarketsincludeSouthernChina,EasternChina,Taiwanaswell　asSEAsiancountriessuchasJapan,KoreaandVietnam.Asthedownstream　applicationsofmethanol continue to develop, we expect the demand in Asian and China markets will remain strong.”
　

About China BlueChemical Ltd.　

China BlueChem is one ofthe largest and most efficient nitrogenous fertilizer　producersinChinain terms of production volume and energy consumption. It is the only company in the CNOOC family that engagesintheproductionofdownstream　mineralfertilizersandsyntheticchemicalproducts.Its productionfacilitiesare　locatedinHainanandInnerMongolia,China,withatotaldesignedannual productioncapacityof1,840,000tonnesofureaand800,000tonnesof　methanol.Besides,China BlueChem has also secured long-term natural gas supply for its Hainan Plant.

For press enquiries：
　

China BlueChemical Ltd.

Ms. Lydia Zhong　　  Tel: (852) 22132502      zhongyx@cnooc.com.cn

　
Strategic Financial Relations (China) Limited

Ms. Anita CheungTel: (852) 2864 4827anita.cheung@sprg.com.hkMs. Karen HungTel: (852) 2864 4854karen.hung@sprg.com.hkMs. Arlene WongTel: (852) 2864 4899arlene.wong@sprg.com.hk