Total and Zhejiang Energy plans Zhoushan bunkering joint venture
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Staff from both Total’s China arm and Zhejiang Energy confirmed development with Reuters on Friday.
Oil major Total will be forming a joint venture (JV) with Zhejiang Energy to provide bunkering services at Zhoushan port, reports Reuters.
Zhejiang Energy and Total will respectively hold a 51% and 49% share in the new setup, confirmed Gu Qiang, General Manager of Zhejiang Energy unit Zhejiang Petroleum Trading Co.
A staff from Total China acknowledged the development but declined to provide further details.
Photo credit: Manifold Times
Published: 21 October, 2019
