Independent journal on economy and transport policy
11:35 GMT+2
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Vopak yields own participation in an oil terminal in the Chinese port of Yangpu
Sold 49% of the capital
December 24, 2019
The Dutch group Vopak has yielded own participation of 49% in joint venture Vopak SDIC Yangpu terminal of Hainan, society constituted with the Chinese Is been Development & Investment Corporation (SDIC) and that it manages a terminal for oil storage and producing oil of the ability to 1,34 million cubic metres in the Chinese port of Yangpu that is administered by the same SDIC. The harbour terminal is inaugurated on November 28, 2011. Vopak has announced that it will specify the terms of the cession next 12 February.
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