Fortune Oil PLC (FTO-LN)

OilVoice  Feb 22  Comment 
The Remuneration Committee of Fortune Oil PLC quotthe Remuneration Committeequot determined that it was administrative more efficient to standardise or modify certain dates and periods in respec


Fortune Oil PLC is the holding company for a group of companies whose principal activities focus on oil and gas supply and infrastructure projects in China. The Company operates in four segments: Single point mooring (SPM) facility, Aviation, Natural Gas and Oil trading and storage. The Company focuses on oil and gas supply and infrastructure projects in China. It has a SPM facility for delivering crude oil to Sinopec’s refineries, at Maoming in Guangdong Province. In June 2007, the Company acquired a liquefied natural gas (LNG) and compressed natural gas (CNG) production and distribution enterprise, to be renamed as Fortune Green Energy (Henan) Development Company Limited. On March 31, 2008, the Company announced the acquisition of the city gas company in Xinyang in Henan Province. In July 2007, Fortune Oil acquired a 51% controlling interest in Henan Fortune Green Energy Development Company (Green Energy).

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