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China Petro Bought 30% Stake Of Brazil's TT Work
- Mar 15, 2018 -

China National Petroleum Group Co., LTD., said in a news release, on March 7, China Petro International Business Co., LTD., formally signed the share purchase and shareholders agreement with Brazil TTWork Company, bought 30% of its stock, and earned its oil imports rights. Brazil is the first big country of Latin America, Latin America's largest oil consumer and importer. It is important in the strategic layout in China’s American oil and gas operations .Brazil TTWork company was founded in 1996, is Brazil's domestic private enterprise, Brazil's fourth-largest oil distributors. It controls 13 oil terminals, nearly 70000 cubic meters of storage capacity; supplies petrol and diesel fuel and ethanol to more than 2200 gas stations and industrial users in Brazil.