Exxon Agrees to Huge Joint-Venture Deal in China


From the BBC News:

China is working on securing a reliable source of petrol in order to fuel it’s increasing demand for petro products and petrochemicals.

This has been accomplished by a joint venture between Exxon mobile, Saudi Armco, and Sinopec; which will effectively create “the first fully integrated refining, petrochemicals and fuels marketing project with foreign participation in China.” [Full Text]

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