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Shandong to allocate resources globally via cooperation with Fortune 500 companies

2018/8/9 11:09:17   source:sdchina.com

The top ten industrial clusters for facilitating the shift in driving forces of development have been the cornerstone and pillar that support the high-quality development of Shandong, as well as a magnet to attract investment and talents.

After the provincial work conference on investment attraction and talent introduction, relevant governmental departments and enterprises have began to optimize the allocation of resources from national and global coordinates and patterns of development. They have made great efforts to introduce new elements of capital, technology, talent, market and management, and combined them with existing advantageous resources to create new vigor and efficiency and promote high-quality development of Shandong.

Recently, the world energy giant British Petroleum (BP) released the BP Statistic Yearbook of World Energy in Jinan for the first time.

BP sees huge growth opportunities in the change of energy structure in China. Dr. Yang Xiaoping, president of BP China, highlighted the significance of Shandong’s market to the company’s future strategy. “Shandong is one of the most vigorous, developed provinces in economy in China, and is also facing the opportunities and challenges of energy transformation,” said Yang Xiaoping, “ Shandong has provided huge opportunities for our business development in many fields.”

On Feb. 2, BP entered into a joint venture with Shandong Dongming Petrochemical Group, the largest private refinery in Shandong Province. In this cooperation, Dongming Petrochemical owns 51% shares of the joint venture and BP 49%. The new company will operate high-end brand petrol stations in Shandong, Henan and Hebei.

“Dongming Petrochemical Group is a local partner with strong strengths. We are glad to cooperate with them to expand our business in Shandong, Henan and Hebei,” said Yang Xiaoping. The joint venture is expected to start operation in 2018 and plans to expand the petrol stations to 500 within 10 years to create a modern petrol station network and build a safer, cleaner and more efficient retail industry of refined oil products.

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