国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  Home>News Center>China
       
 

Shell, Sinopec launch $187m service venture
(Agencies)
Updated: 2004-08-30 16:55

Anglo-Dutch oil giant Royal Dutch/Shell and China Petroleum and Chemical Corp (Sinopec Group) have launched a US$187-million service station joint venture, the companies said.

The new venture, Sinopec and Shell (Jiangsu) Petroleum Marketing Co., will develop and operate a network of about 500 service stations in eastern Jiangsu province, they said in a joint statement.

Sinopec holds a controlling 60 percent stake in the new company, which has registered capital of 830 million yuan (US$100 million), according to the terms of the deal signed over the weekend.

Shell China Holdings BV holds a 30 percent stake and Shell (China) Ltd holds 10 percent.

Some 180 service stations will start operating in Suzhou, one hour west of Shanghai, by the end of this year, with another 100 petrol stands to be set up in neighbouring Wuxi and Changzhou by end 2005.

The new company will buy or lease the service stations from Sinopec's existing network as well as develop new sites.

Sinopec will be the exclusive fuel supplier to the joint venture.

"The joint venture represents another step in our cooperation," Sinopec vice chairman and president Wang Jiming said.

"In the spirit of complementary long-term cooperation, mutual benefit and co-development, Sinopec and Shell commit to cooperating for the growth of the joint venture and the benefit of the two companies."

The new joint venture comes on the heels of Sinopec's agreement with Exxon Mobil Corp and Saudi Arabia's Aramco on the design work for a 3.5 billion dollar expansion of an existing refinery and the addition of a chemical complex in the southern Chinese province of Fujian.



 
  Today's Top News     Top China News
 

Triumphant Olympics end with pride, relief

 

   
 

Miracles lift China up at Athens Games

 

   
 

Shell, Sinopec launch $187m service venture

 

   
 

China amends disease law, bans blood trade

 

   
 

Tens of thousands protest Bush in NYC

 

   
 

Price rise sparks inflation concerns

 

   
  Hu calls on diplomats to better serve country
   
  China amends disease law, bans blood trade
   
  Macao gives Ho new mandate
   
  West-east gas pipeline nears completion
   
  Catholic church receives revival
   
  Price rise sparks inflation concerns
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
唐山市| 宝鸡市| 石门县| 台前县| 溧水县| 巩留县| 安阳市| 股票| 隆安县| 庆安县| 横山县| 金寨县| 通渭县| 太和县| 柯坪县| 泗洪县| 上思县| 饶阳县| 鹿邑县| 德钦县| 根河市| 亳州市| 金阳县| 积石山| 营口市| 泗阳县| 浏阳市| 沙坪坝区| 巴林左旗| 龙游县| 渑池县| 阳朔县| 苍溪县| 双柏县| 深水埗区| 新野县| 兴山县| 黔江区| 九龙坡区| 金昌市| 察雅县|