July 10 Beijing News, China has approved the China National Petroleum Company Limited (PetroChina), Japan's largest oil refining companies to buy Japanese oil refinery has a stake in Osaka in order to finalize the national energy giant in China's first overseas refinery 2 plant to take over.
China's National Development and Reform Commission on July 10 at its official website said that China Petroleum and Nippon Oil to buy new shares under the Osaka refinery project in June this year has been China's National Development and Reform Commission approval, but the site does not provide any details.
Industry officials have said that China's oil and new oil is expected to be in Japan by the end of June this year, before and after the signing of a final agreement, according to the agreement, China will buy with a day of oil processing capacity of 115,000 barrels of crude oil refinery in Osaka for 49% of the shares.
Under China National Petroleum, through its wholly-owned trading subsidiary of the China United Oil Corporation (Chinaoil) in the past few years Japan has been working with oil companies to negotiate a new agreement of crude oil processed, as the world's 3 largest oil-consuming countries, Japan is facing a significant decline in domestic fuel demand China plans to use Japan's largest oil refinery oil refinery owned by the remaining capacity.
The agreement will allow the China National Petroleum is responsible for all of Osaka, the supply of crude oil refinery and petroleum product sales.
Asia's largest oil and gas company China National Petroleum production in May this year had announced that the company will be the price of 1.02 billion U.S. dollars to buy oil company in Singapore to expand 45.5 percent stake in the company's refining capacity abroad.
Jul. 13, 2009
