BEIJING (AFX-ASIA) – PetroChina Co Ltd said it has signed a framework agreement to buy a stake in China Ocean Shipping (Group) Company (COSCO) subsidiary China Marine Bunker Supply Company (CMBSC), the largest supplier of fuel for ships in China. PetroChina did not disclose the size or value of the stake it is buying in…
CHINA: PetroChina to buy stake in COSCO ship fuel unit CMBSC for undisclosed sum
Posted on March 19, 2003 by EnergyAsia