| The First Foreign-invested Processed Oil Enterprise Settled in Fuzhou |
| Tuesday,May 15,2007 Posted: 06:53 BJT(2253 GMT) Chinanews.cn |
Sinopec Exxon Mobile (Fujian) Oil Ltd. was settled in Fuzhou after approval from the MOFCOM. This was a major action of Fortune 500 enterprise competing for western bank of the strait. This company was jointly invested by China Petroleum & Chemical Corporation, Exxon Mobile China Petroleum & Chemical Ltd., and Saudi Aramco China Ltd. with total investment of RMB4.6b and registered capital of RMB1.84b. Saudi Aramco Oil Corp. became a wholly-owned Saudi Oil Company in 1980 and ranked the first among the top 10 world oil and natural gas manufacturers. |
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