Amadeusz Juskowiak

Mobil plans to open office in peking

Mobil Oil Corp of US Plans to open an office in Peking to develop oil exploration opportunities in China the China Daily said

It quoted Mobil president Richard Tucker currently in Peking as saying he is optimistic about investment prospects in China and that Peking will continue to encourage foreign private businesses to invest here

It said Mobil bought 73 mln dlrs of crude oil and oil products from China in 1986 and sold it lubricant and fertiliser but gave no more details

Reuter