China Bio acquires gas stations

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Tue, Aug 19, 2008
Heavy Oil Company News
Post by Melissa Pistilli, Heavy Oil Senior Reporter

Heavy-oil and biodiesel distribution company China Bio Energy Holding Group has acquired four retail gas stations to strengthen its distribution network.

Gao Xincheng, CEO of CBEH, said:

We are very pleased to have expanded our retail business. We believe that these acquisitions are another excellent example of the value of our distribution network. Demand for fuel is high in China and often outstrips supply.

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