January 10, 2011 / 21:04 IST
British and Chinese companies signed business deals worth around 2.6 bn pounds (USD 4 bn) on Monday, including an agreement to increase sales of Jaguar Land Rover vehicles to China, Britain said.
Oil major BP and the China National Offshore Oil Corp signed an agreement on deepwater exploration in the South China Sea, the British government said, but gave no details.Jaguar Land Rover, a unit of Tata Motors, has committed to sell some 40,000 Jaguar and Land Rover vehicles, worth more than one billion pounds, in China in 2011, it said.China Nonferrous Metals International Mining signed a cooperation agreement with Kryso Resources plc.Earlier, PetroChina announced a framework deal to partner with private British firm INEOS to form refining joint ventures at the Lavera refinery in France and Grangemouth in Scotland.The deals were announced during a visit by China's Vice Premier Li Keqiang. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
