French oil giant purchases Chinese private petrol stations

时间：2007-09-05 01:10:33

（单词翻译:单击）

Chinanews, Beijing, Sept 4 – Total Group, the world's fourth largest oil and gas company, has recently finished the purchasing deals to buy 20 private petrol stations in China's Liaoning Province.

 

The information was released by Zhou Youshan, chairman of the China General Chamber1 of Commerce Oil Distribution Committee, when he attended the 2007 China Oil Distribution Industry Development Forum2. He said that the French company had been running through related procedures for buying three private Chinese wholesale3 oil companies.

 

“Chinese petrol stations have no oil resources and they have a hard time sustaining their business,” Zhao said.

 

At present, many privately-run petrol stations have no product oil for sale, he said.

 

A reporter from Beijing Business Today tried to verify the news with a private oil company in Liaoning. However, the reporter was not able to get a definite answer. The person in charge at the private oil company only told him that the French company had bought some Chinese private petrol stations and the number was far more than 20. However, he refused to disclose detailed4 information.

 

This reporter later learned that apart from Taotal, many domestic oil companies from southern Fujian Province have traveled north to buy petrol stations in Liaoning.

 

Last June, there was hearsay5 that 80 Chinese private oil companies, since they had no oil resources, were struggling for business and in the end, the managers of these oil companies wanted to sell their enterprises to some foreign oil giants. The foreign oil giants included Shell, BP and Mobile. Last August, the China General Chamber of Commerce Oil Distribution Committee told this reporter that the state had changed its policy on private oil enterprises and related purchasing deals had been cancelled.

 

“The fact that Chinese private companies were purchased by foreign enterprises was the result of development in China's oil distribution market,” said Han Xiaoping, CIO of China5e.com.

 

He predicts that in future, more and more domestic private oil companies will be purchased by Chinese oil giants like PetroChina and Sinopec, as well as large foreign oil companies.

 
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1 chamber wnky9     
n.房间，寝室；会议厅；议院；会所
参考例句：
  • For many,the dentist's surgery remains a torture chamber.对许多人来说，牙医的治疗室一直是间受刑室。
  • The chamber was ablaze with light.会议厅里灯火辉煌。
2 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
3 wholesale Ig9wL     
n.批发；adv.以批发方式；vt.批发，成批出售
参考例句：
  • The retail dealer buys at wholesale and sells at retail.零售商批发购进货物，以零售价卖出。
  • Such shoes usually wholesale for much less.这种鞋批发出售通常要便宜得多。
4 detailed xuNzms     
adj.详细的，详尽的，极注意细节的，完全的
参考例句：
  • He had made a detailed study of the terrain.他对地形作了缜密的研究。
  • A detailed list of our publications is available on request.我们的出版物有一份详细的目录备索。
5 hearsay 4QTzB     
n.谣传，风闻
参考例句：
  • They started to piece the story together from hearsay.他们开始根据传闻把事情的经过一点点拼湊起来。
  • You are only supposing this on hearsay.You have no proof.你只是根据传闻想像而已，并没有证据。

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