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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.
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(END) Dow Jones Newswires
October 21, 2019 02:42 ET (06:42 GMT)
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