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Article: SINOPEC & YANGTSE RIVER NAVIGATION GROUP SET UP JV IN WUHAN.
- Article from:
- AsiaPulse News
- Article date:
- November 13, 2001
CopyrightCOPYRIGHT 2001 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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WUHAN, Nov 13 Asia Pulse - China National Petrochemical Corporation (Sinopec) and China Yangtze River Navigation Group set up a joint venture enterprise yesterday for the storage, transportation and sale of oil along inland rivers at Wuhan, the capital of China's Hubei Province.
The two parties each invested 200 million yuan (US$24 million) in the new company, Sinopec Yangtze River Fuel Co. Ltd, which has a registered capital of 50 million yuan ...