Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.

BP to expand fuel retail business in China

BP and Shandong Dongming Petrochemical Group have signed joint venture agreements to develop a leading branded retail fuels and convenience business covering the Chinese provinces of Shandong, Henan and Hebei. Subject to regulatory approvals, the partnership will start operations in 2018 and the network is expected to grow to 500 sites in 10 years. BP has a 49% equity share of the joint venture and Dongming Petrochemical the remaining 51%.

BP currently operates over 740 dual-branded retail stations in Guangdong and Zhejiang provinces with partners China National Petroleum Corporation (CNPC) and China Petroleum & Chemical Corporation (Sinopec) respectively. Across this network BP serves 400,000 customers and sells over 12mn litres of gasoline and diesel every day.

News Item details


Journal title: Petroleum Review

Region: Asia-Pacific

Countries: China -

Subjects: Economics, business and commerce, Road transport, Gasoline, Diesel, Transport fuels, Forecourt retailing

Please login to save this item