By OGJ editors
HOUSTON, Mar. 29 -- Total SA said Chinese authorities approved its formation of a retail-fuel joint venture with China National Chemical Import & Export Co. (Sinochem) called Total Sinochem Fuels Co.
Total will own 49% of the venture, and Sinochem will own 51%. The first in a planned network of 200 service stations is expected to open in Beijing in the autumn.