|
|
Article: BP establishes first LPG retail company in eastern China.
- Article from:
- China Business News
- Article date:
- September 16, 2005
CopyrightCOPYRIGHT 2005 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
BP establishes first LPG retail company in eastern China
Shanghai. September 16. INTERFAX-CHINA - The world largest oil company, British Petroleum, announced on Tuesday that it has established the BP (Shanghai) LPG Corporation, the company's first LPG retail subsidiary in eastern China.
The new company was established through the acquisition of the Waisihot Gas Corporation, a Shanghai-Hong Kong joint venture, and a local company, the Baocheng Gas Corporation.
It has a 1,300 cu m storage depot and 30 supply outlets scattered across the city. With registered capital of USD 3.5 mln, the company is capable of supplying 35,000 to 40,000 tons of ...