It is reported that Sichuan Expressway filed its subsidiary Chengdu Shuhai Investment Management will establish a joint venture with PetroChina. The new entity will have registered capital of CNY 52 million.

Shuhai Investment and PetroChina will respectively hold 51% and 49% stake in the joint venture, which will rent land and resources from Sichuan Expressway for the construction of four gas stations alongside its expressways.

It will also rent and operate existing Sichuan Expressway gas stations alongside its expressways and continue construction on other gas stations along expressways.

(Sourced from caixun.com)