#Total unveiled new ties with #China
The Chinese Authorities now own a 2 percent stake in Total as the French oil giant focuses towards this fast-growing market. They aim to tap into the vast amount of shale-gas deposits which could possible transform China’s market as it once did for America.
Total is also seeking the right to market fuel and petrochemicals in China produced by a planned refinery complex which is estimated at $10 billion.
Other foreign companies, such as Coca-Cola Co. and HSBC Holdings PLC, have also expressed their interest to list in China. However China has yet to allow these foreign companies from doing so.
For an opportunity to discuss investment, partnership, growth and operational strategies for refining projects across the oil, gas and petrochemical sector, join the Asia Refining Summit which will bring together senior executives from NOCs, IOCs, and government officials be held in:
Singapore – September 17, 2012
Bangkok – December 3, 2012
Shanghai – March 4, 2013