Shenhua to Step into Retail Oil Market

China Shenhua Group will reportedly open its first petrol station in northern China soon, underlining the coal giant's ambitions of grabbing a share in the oil market that has long been dominated by three domestic oil companies. The station, located in Erdos, north China's Inner Mongolia Autonomous Region, will sell oil product liquefied from coal by Shenhua's coal liquefaction factory in Erdos.