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Vopak takes stake in Chinese petrochemicals terminal

Vopak has acquired a 30% stake in an 890,000-cm petrochemical storage terminal at Haiteng, in Fujian Province, south-east China, which has long-term contracts to serve two petrochemical plants. Vopak acquired the stake in Zhangzhou Gulei Haiteng Jetty Investment Management Company from Xianglu Petrochemical for an undisclosed sum.

News Item details


Journal title: Petroleum Review

Countries: China - Asia-Pacific -

Subjects: Fuel storage

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