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Article: Petrol marketing joint venture launched
- Article from:
- China Daily
- Article date:
- August 30, 2004
- Author:
CopyrightCopyright 2004 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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NANJING: China Petroleum and Chemical Corp (Sinopec) and Shell
Companies in China established a joint venture over the weekend in
Nanjing, capital of East China's Jiangsu Province.
The birth of the joint venture - Sinopec and Shell (Jiangsu)
Petroleum Marketing Company Limited - is of a strategic significance,
according to Wang Xiaochuan, deputy director of the Ministry of
Commerce's Department of Commercial Reform and Development.
He said through the communication and co-operation in many areas
between the two companies, the joint venture would compete in the
global oil products retail market.
Using the brands of Sinopec and Shell jointly, the joint venture
is to develop and operate a ...