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Posts on ‘June 13th, 2014’

Shell senses huge profit potential in China

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From the China Daily website Ecns.cn published Friday 13 June 2014

Multinational oil company Royal Dutch Shell Plc will continue to invest in China and considers the country to be its most important market in which to grow its retail business, a senior official said on Thursday.

Istvan Kapitany, executive vice-president of Shell Retail, said China plays a key role for the company in 70 targeted countries. “We will continue to invest in China since the potential of the retail market in China is significant,” said Kapitany.

According to the Netherlands-based company, Shell opened almost one service station per day in China in 2012 as demand grew. At present, the company operates about 1,100 service stations in the country. read more

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