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Is Luqing Petrochemical State-owned or Private?

Private enterprises. According to official website, Shouguang Municipal People's Government, Luqing Petrochemical is a joint-stock private enterprise, which was established in 2000 and is located in the high-end petrochemical industrial park in Shouguang City, Shandong Province. Mainly produces gasoline, diesel oil, liquefied petroleum gas, MTBE, polypropylene and other petrochemical products.