to focus on its oil storage and shipyard business, and scale down its trading and supply activities. With crude oil at more than $140 a barrel and still rising, the company said the trading business is capital intensive and increasingly exposed to market risks and market volatility. The company said it “will consider suitable opportunities…
CHINA: Titan Petrochemicals to focus on storage and shipyard business
Posted on June 29, 2008 by EnergyAsia