Sinopec Ventures With Exxon Mobil and Aramco Win Fuel Wholesale Licenses

(Bloomberg) -- China Petroleum & Chemical Corp.,
Saudi Arabian Oil Co. and Exxon Mobil Corp. were authorized to
distribute wholesale fuel products in China produced at their $5
billion refining and chemical joint ventures.

The Ministry of Commerce awarded licenses to Fujian Refining
& Petrochemical Co. and Sinopec SenMei (Fujian) Petroleum Co.,
while Sinopec SenMei is also permitted to store fuel products, it
said in a statement on its Web site today.


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