TITLE

Effective Allocation of Resources in Xinjiang

PUB. DATE
June 2005
SOURCE
China Chemical Reporter;6/16/2005, Vol. 16 Issue 17, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Sinopec Corp. and China National Petroleum Corp. has signed a framework agreement on the mutual supply and purchase of oil products in Xinjiang region. With several years development, mutual cooperation has become mature and exchange of oil products has been conducted in Hubei, Hunan and Shandong. The framework agreement signed is mainly intended to achieve the effective allocation of resources, ease the traffic pressure and reduce the traffic cost. The signing of the framework agreement will play an active role in supply/demand balance and price stability in Xinjiang and peripheral markets.
ACCESSION #
17455638

 

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