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Asia Pulse: SHELL IN JV WITH DOYEN HOLDINGS FOR SERVICE STATIONS IN CHONGQING

Extract from BRIEFING – ASIA ENERGY – JAN 19, 2007

An executive briefing on energy for Jan 19, 2007, prepared by Asia Pulse, the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

BEIJING – The world famous oil company Shell has teamed up with Donyen Holdings, a Chongqing-registered private company, for service stations business in Chongqing.

A joint venture is set up, named Donyen Shell Chemical Ltd., and plans to refit Shuorun Chemical’s service stations with Shell brand. Meanwhile, the JV will open at least five Shell controlled service stations in the next two years, and drive through will be set up at the same time.

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