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BP forges new fuel retail JV in China as it mulls options on Woolworths

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer

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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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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/business/energy/oil/bp-forges-new-fuel-retail-jv-in-china-as-it-mulls-options-on-woolworths-20180205-h0tyc1