Petronas of Malaysia said it has laid plans to win over 5% of China's lubricants market within five years. Petronas Vice-President Datuk Anuar Ahmad said that 5% was a very high target, but within the company's ability to achieve. China, the world's fastest growing car market, now accounts for about 12% of the world lubricants market, according to Anuar. He said his company will focus on Shenzhen and Shanghai initially.
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