PetroChina in preliminary agreement with Germany's Mabanaft on expanding fuel sales to Europe
SINGAPORE, March 6 (Reuters) - PetroChina International's London unit signed a preliminary agreement with German energy company Mabanaft to expand sales of Chinese refined fuel products to Europe, the Chinese state oil and gas trader said on Thursday.
The companies aimed to expand cooperation in the northwest European markets leveraging on PetroChina's fuel supplies and Mabanaft's end-user outlets, PetroChina International, or PCI, said on its official WeChat platform.
The cooperation covers diesel, jet fuel, bio-aviation fuel and logistics.
The companies already worked successfully on marketing aviation fuel in the United Kingdom, PetroChina said.
PCI is the trading arm of China's largest oil and gas giant PetroChina (601857.SS), opens new tab.
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