Sichuan Expressway Clarifies Pricing Terms in Renewed Refined Oil Supply Deal
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Sichuan Expressway Co has clarified the pricing mechanism in its renewed Refined Oil Framework Agreement with PetroChina Sichuan Sales Branch. The agreement allows Zhonglu Energy to set refined oil prices based on benchmarks from PetroChina's affiliated gas stations and independent suppliers, ensuring prices remain competitive. The board deems the terms fair and in the group's interest, promoting transparent fuel procurement. The latest analyst rating for Sichuan Expressway Co (HK:0107) is a Hold with a price target of HK$5.50. The company operates in the transportation sector in Sichuan Province.
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