CHINA: HNA Group expands into global oil storage business

(EnergyAsia, May 1 2017, Monday) — China’s HNA Innovation Finance Group Ltd is preparing to expand into the global oil storage industry when it completes the establishment of a new joint-venture firm with Swiss-based commodities trader Glencore. The companies announced in March that HNA has agreed to pay US$775 million in cash for a 51%...

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