BP to invest more in outlets

British energy major BP said it plans to more than double its gas stations in China by adding 1,000 more in the coming five years.

BP's move comes against the backdrop of China lifting the 30-site limit on international fuel retailers.

Hanna Hofer, president of BP China Retail, said the company believes a more open market will attract more investment and ultimately benefit consumers as the latter will be able to access better and a wider range of products and services.