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China's Sinopec to inject Fujian fuel stations into Aramco/Exxon JV - report


Published : Tue, 10 Apr 2007 02:22
By : Agencies
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BEIJING (XFN-ASIA) - China Petroleum & Chemical Corp (Sinopec) will inject all 750 of its filling stations in the southeastern province of Fujian into its 600 mln usd joint venture with Saudi Aramco and Exxon Mobil Corp, the South China Morning Post reported, citing Exxon Mobil (China) Investment chairman Tan Puay Chiang.

The move gives the venture a 60 pct share of the province's retail market, the Hong Kong newspaper added.

andrew.pasek@xinhuafinance.com

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