PARIS, Oct 21 (Reuters) - French oil firm Whole TOTF.PA has signed a cope with Chinese language sta
PARIS, Oct 21 (Reuters) – French oil firm Whole TOTF.PA has signed a cope with Chinese language state-owned Zhejiang Power Group (ZEG) to create a three way partnership firm to provide and supply marine fuels within the Chinese language area of Zhoushan, the businesses stated on Monday.
Whole China Funding (TCI) will maintain a 49% share within the new three way partnership firm, and Zhejiang Zheneng Petroleum New Power (ZZPNE) will maintain the remaining stake.
The Zhoushan area covers the Ningbo and Shanghai ports, representing the busiest delivery hub on this planet when it comes to cargo tonnage, Whole stated in an announcement.
(Reporting by Sudip Kar-Gupta; Modifying by Tom Hogue)
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