Total Creates Joint-Venture With Zhejiang Energy Group

Date : 10/21/2019 @ 6:57AM
Source : Dow Jones News
Stock : Total SA (TOT)
Quote : 54.53  -0.27 (-0.49%) @ 1:00AM
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Last Trade
Last $ 54.53 ◊ 0.00 (0.00%)

Total Creates Joint-Venture With Zhejiang Energy Group

Total (EU:FP)
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   By Kim Richters 
 

Total SA (FP.FR) said Monday that it has agreed to establish a joint venture with Zhejiang Energy Group for the supply and delivery of marine fuels in the Chinese region Zhoushan.

The French oil-and-gas company said its subsidiary Total China Investment will hold 49% in the newly created company, while Zhejiang Zheneng Petroleum New Energy, a subsidiary of the Chinese company Zhejing Energy Group, will hold the remaining stake.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

October 21, 2019 02:42 ET (06:42 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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