BP forges new fuel retail JV in China as it mulls options on Woolworths
BP Australia head Andy Holmes says a joint venture the oil major has formed in China will use expertise from the group's Australian fuels retailing business to provide a new high-quality offering to motorists in three provinces in what will be a major expansion of the brand.
The venture announced last week with Shandong Dongming Petrochemical Group, the biggest independent refiner in China, is targeting a network of 500 sites within 10 years, including new sites and acquisitions.
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