BP, BOC START THEIR FIRST BANK LOAN COOPERATION
AsiaInfo Services, August, 2004
AsiaInfo Services 08-05-2004 BP, BOC Start Their First Bank Loan Cooperation BEIJING, Aug 05, 2004 (SinoCast via COMTEX) -- Bank of China (BOC), one of the four largest state-owned commercial banks in China, announced on August 2 that the bank had signed an agreement with British Petroleum (BP) to grant a USD 200 million credit line to the latter. British Petroleum, a world's giant in oil and natural gas industry, applied for the credit line to BOC and it is the first cooperation between the two companies in bank loans.
The signature of the cooperation agreement is a signal that BOC hasbecome a cooperative bank of BP in its global strategy and their cooperation will be in more larger fields and higher levels. At the same time, the cooperation with BOC will...
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