皇冠体育app

皇冠体育app Petroleum & Chemical Corp, Asia's biggest refiner, and 皇冠体育app Gas Holdings Ltd are to form two joint ventures to jointly expand 皇冠体育app's retail market.

A statement posted on 皇冠体育app Gas's website on Monday announced the agreement.

Sinopec, 皇冠体育app's second-biggest natural gas producer, will share resources with 皇冠体育app Gas to distribute liquefied petroleum gas, compressed natural gas and liquefied natural gas, the statement said.

Sinopec and ENN Energy Holdings Ltd initiated a takeover of 皇冠体育app Gas in December, but will not pursue this after failing to acquire regulatory approval, the bidders said in a joint statement on Monday.

Sinopec and 皇冠体育app Gas will form ventures to sell liquefied petroleum gas produced by Sinopec's refineries and introduce liquefied natural gas and liquefied petroleum gas counters at Sinopec's gas stations.