China to establish first private petroleum group corporation
China's big private oil and gas enterprises will unite to organize a group corporation to strengthen their competitiveness, said sources Tuesday with the China Chamber of Commerce for Petroleum Industry (CCPI) of All-China Federation of Industry and Commerce.
During his visit to Nanning, capital of south China's Guangxi Zhuang Autonomous Region, Wang Yong, secretary-general of the chamber said that the corporation, integrating well-performing assets of big private enterprises in petroleum and gas industries,will form a complete petroleum industrial chain covering fields from mining, refinery to sale
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