China Aviation Oil (Singapore) Corporation Ltd (CAO) is acquiring 80% of the Shuidong oil storage facilities asset from Shenzhen Juzhengyuan Petrochemical Co Ltd. (JZY). A joint venture between CAO and JZY will be established to operate this oil tank farm in China and carry out other oil-related activities. CAO’s purchase includes an 80% equity interest…
SINGAPORE: China Aviation Oil invest in oil tank farm in China
Posted on December 31, 2003 by EnergyAsia