The Australian newspaper Shell (China)’s wholly-owned subsidiary, Shell (Zhejiang) Petroleum Trading Co., Ltd. has been approved by the Ministry of Commerce to obtain domestic refined oil wholesale qualification.
The acquisition of this qualification means that Shell will be able to carry out the procurement and sales of refined oil products for corporate customers in the Chinese market. With the further deepening of China’s market-oriented reforms and the full liberalization of refined oil wholesale business, Shell has obtained the wholesale qualification of refined oil products as a wholly foreign-owned enterprise.
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