Help | Sitemap | Archive | Advanced Search   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
 China At a Glance
 Constitution of the PRC
 CPC and State Organs
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Monday, October 29, 2001, updated at 21:23(GMT+8)
Business  

Total Fina Elf to Open More Branches in China

The French oil group, Total Fina Elf, announced Monday in Chengdu, capital of southwest China's Sichuan Province, that it will set up 15 additional subsidiary companies in China and its local staff will be about 4,000.

The country's huge market is irresistible to multinationals like Total, said Jean-Louis Petit, president of Total Investment ( China), and China is the most important place in Total's Asian operation.

The company, keen to expand investment in cooperation with China's counterparts, predicts a ten-year fast growing period for the Chinese market and wants the opportunity to deal with gas- related management and gas station network construction, said the president.

The country's ongoing campaign to develop its western regions offers an ideal opportunity for overseas companies, which will find an increasing market with fewer competitors, said the official.

Total, a world oil giant, entered China about 20 years ago. It is already operating 30 branches with 2,500 staff and has investments of nearly one billion U.S. dollars in China.







In This Section
 

The French oil group, Total Fina Elf, announced Monday in Chengdu, capital of southwest China's Sichuan Province, that it will set up 15 additional subsidiary companies in China and its local staff will be about 4,000.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved