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Article: BRIEFING - ASIA ENERGY - FEB 15, 2006.
- Article from:
- AsiaPulse News
- Article date:
- February 15, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. 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)
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An executive briefing on energy for Feb 15, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CNOOC TAKES 50% STAKE IN FUEL RETAILER SHANGHAI XINGCHENG
BEIJING - CNOOC, China's largest offshore oil producer traditionally deemed weak in the downstream sector, recently succeeded in buying a 50 per cent-plus stake of Shanghai Xingcheng Oil Group, reportedly Shanghai's largest non-state oil company.
CNOOC has dozens of gas stations around the country, with five located in Shanghai. With the Chinese product wholesale market to be liberated ...