Learn Chinese - Foreign capital speeds up into China's gas station market

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Foreign capital speeds up into China's gas station market

www.chinanews.cn 2005-02-03 15:21:14

Since China's retail oil market fully opened to outside competition at
the end of 2004, foreign capital has eagerly joined the business of
operating gas stations. Among foreign companies that grabbed a piece of
this pie, international petroleum giants like Shell and BP took the lead.
The first joint-venture gas station between BP and SINOPEC appeared in
Ningbo, Zhejiang the other day. As the first retailer jointly operated by
BP and SINOPEC, this gas station mainly sells gas, diesel oil, kerosene,
lubricants, convenience store goods and other related services. The photo
shows a JV gas station between BP and SINOPEC in Ningbo.

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