September 19, 2017 3:45 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Petrochina Fuel Oil Company Limited

Company Overview

Petrochina Fuel Oil Company Limited invests and develops fuel oil in the upstream and downstream areas. The company also offers building and construction services for orimulsion sulphur fixer project and power plant. The company is based in Beijing, China. Petrochina Fuel Oil Company Limited operates as a subsidiary of PetroChina Co. Ltd.

Tower B3

Times Plaza

Huitong, No.71

Jianguo Road

Beijing,  100025

China

Key Executives for Petrochina Fuel Oil Company Limited

Petrochina Fuel Oil Company Limited does not have any Key Executives recorded.

Petrochina Fuel Oil Company Limited Key Developments

Qingdao Port International to Form Joint Venture with PetroChina Fuel Oil Company Limited to Build Crude Oil Storage Tank at Dongjiakou Port in China

Qingdao Port International Co., Ltd. (QPI) entered into a letter of intent to form joint venture (JV) with PetroChina Fuel Oil Company Limited to build an oil storage tank with a capacity of 600,000 cubic meters at the Dongjiakou port area. Under the terms, PetroChina Fuel Oil will contribute CNY 153 million (USD 22.96 million) in cash to earn 51% stake in the JV and QPI will contribute CNY 147 million (USD 22.06 million) by way of injection of land use rights and cash to earn 49% stake in JV. The JV will be engaged in the storage, stevedoring and transmission of oil products including crude oil, fuel oil, diluted asphalt and wax oil. The transaction will enable both companies to expand the oil storage and transportation facilities in Dongjiakou Port Area. The completion of the transaction is subject to executed and effective joint venture agreement and the articles of association of the JV.

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