The hottest shell and Yanchang oil will build 100

Shell and Yanchang Petroleum will build 100 gas stations in Shaanxi. We should not only have good cooperation with Chinese energy giants, but also never let go of any partner - this is one of the strategies for overseas energy enterprises to expand in China

shell announced this afternoon that it will work with Shaanxi Yanchang Petroleum (Group) Co., Ltd. (hereinafter referred to as "Yanchang Petroleum") and Shaanxi Tianli Investment Co., Ltd. (hereinafter referred to as "Shaanxi Tianli") to build 100 gas stations in Shaanxi

this is also the first time shell and Yanchang oil have officially confirmed this figure, which is the first precedent for overseas oil giants and local oil enterprises to build hundreds of gas stations

the above three companies jointly established an enterprise called "Shaanxi Yanchang Shell Oil Co., Ltd." (hereinafter referred to as "Yanchang shell"), with Yanchang oil holding 46%, Shaanxi Tianli and shell holding 9% and 45% respectively. The three parties to the joint venture signed the joint venture contract in June 2008 and obtained the government approval and business license before the end of the year

Yanchang Petroleum is one of the four enterprises with petroleum and natural gas exploration and development qualifications in China. It is subordinate to the people's Government of Shaanxi Province, and its main business includes upstream exploration, exploitation, processing of petroleum and natural gas, as well as chemical industry and sales in the middle and lower reaches. In 2007, the enterprise became a large oil field of ten million tons, and its sales volume exceeded 60billion yuan in 2008

Shaanxi Tianli is a wholly-owned subsidiary of Tianli enterprise group, which is good at project financing and capital operation. Shell is a world-renowned oil multinational enterprise with 8000 employees. It has established various cooperative relations with CNOOC, Sinopec and PetroChina in China

the negotiation to extend the joint venture of shell was reported in the newspapers as early as November 2007. At that time, the management of Yanchang oil company revealed that the two sides may jointly invest 4billion yuan to build hundreds of gas stations. However, the private high-tech enterprise with the largest production base and the highest market share in Jinan, China, has not received a positive response from shell

today, when Yanchang shell announced the establishment of the 10th joint venture gas station in Shaanxi, all parties announced the number of 100 gas stations for the first time

previously, the target partner of overseas oil enterprises has always been super large central enterprises. Sinopec and shell have become users who can skillfully use it with a little understanding of the experimental standards. Sinopec shell (Jiangsu) oil sales Co., Ltd. (hereinafter referred to as "Sinopec shell") was established. In December 2005, Sinopec shell took over 213 gas stations in Suzhou, and then planned to establish and operate about 500 gas stations. BP and PetroChina have also built hundreds of gas stations in southern China

with the oil price mechanism in place, the sales of refined oil, especially the retail oil market, will receive more profit protection. Overseas enterprises are also confident in expanding downstream business in China. This standard was increased when it was submitted to the Ministry of public security for approval

in addition to shell and BP, total, ExxonMobil and South Korea SK group have established their own joint-venture gas station networks in China, and the market competition will be more intense in the future

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