31JUL2018 - NEWS - Brightoil Petroleum starts negotiations to sell its Zhoushan oil storage and fleet of 15 vessels

Brightoil Petroleum has recently announced that it is engaging in preliminary negotiations with potential investors for the sale of its Zhoushan oil storage and terminal facilities as well as its entire shipping fleet of 15 vessels. Brightoil Petroleum believes that this sales will boost the financial strength and provide support to the long-term strategic development of the group.