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Shell gets the nod to sell remaining stake in Vivo. downstream oil market in recent years. These include US majors Chevron (Caltex) and Exxon Mobil (Esso and Mobil), British giant BP and
Shell unit gets permission to tap China's wholesale oil
Shell unit gets permission to tap China's wholesale oil market NBD . was awarded the license to trade refined oil in China's wholesale market as a Sino-foreign joint venture in 2016. Li Li, Shell unit's success to get nod from regulators to operate in the wholesale market will enable the oil provider to fully tap the country's oil market.
As market leader in North America, Shell has 15,000 service stations in the United States and Canada. Sinopec and Petrodominate China’s oil retail market. By the end of 2013, Sinopec owned more than 30,500 gas stations in the country, accounting for about 33% of the total market, and Petroowned more than 20,000.
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Shell and CNOOC to expand petrochemical complex
Shell and CNOOC to expand petrochemical complex in Dec 15, 2025 Guangzhou, December 15, 2025 -- Shell Nanhai B.V. (Shell) and National Offshore Oil Corporation (CNOOC) today signed a Heads of Agreement (HOA) to expand their existing 50:50 joint venture (JV) in Huizhou, Guangdong Province, China.
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Exclusive: Ex-Big Oil Bosses Aid Provincial Chief
Two former chairmen of one of China’s biggest oil refining companies have assisted authorities in a discipline investigation of a former senior provincial official during the last several months, Caixin has learned from multiple sources with knowledge of the matter. Shell Unit Gets Nod to Tap China’s Wholesale Oil Market. Former
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- What is shell doing in China?
- Shell has onshore and offshore gas and oil development projects in partnership with PetroChina and CNOOC, both inside and outside China, including Changbei onshore gas development project, helping to fuel the country’s fast-growing economy. Shell is also an LNG supplier to China.
- Why is shell investing in petrochemicals in China?
- Shell is investing in the expansion of its joint-venture petrochemicals complex in China as the supermajor bets on continued petrochemicals demand in the world’s top crude oil importer.
- What is CNOOC & Shell petrochemicals company?
- CNOOC and Shell Petrochemicals Company which is a JV between Shell and CNOOC, operates a world-class petrochemical complex in Daya Bay, Guangdong. Shell Energy (China) is a new addition to the Downstream businesses in China, engaging in the country’s emerging carbon trading business.
- Is shell SMPO a good petrochemical unit?
- The unit is also highly efficient. By using the Shell Group’s own SMPO process technology and making design improvements, it uses significantly less energy. It is the second unit of its kind built at the petrochemicals complex in Huizhou, Guangdong Province, China, which is operated by CSPC.
- Why did shell invest in CSPC?
- CSPC’s investment, which Shell did not quantify in its press release, also includes a new facility that will produce 320,000 tons per year of high-performance specialty chemicals, such as polycarbonates and carbonate solvents, critical for everyday life.
- What is Shel's final investment decision?
- The final investment decision will also include building a new facility that will produce 320,000 tons of specialty chemicals like polycarbonates and carbonate solvents every year, which are very important for everyday life. Impact of SHEL’s Expansion