A major oil company has taken a significant stake in an oil company that had been one of the pioneers of the vape trend.
The oil company said on Thursday that it has purchased the Vapen, a specialty oil company with an investment of $1.5 billion, and that it will work with Vapener, which has been operating for more than a decade, to continue developing oil products.
The Vapenesse is a joint venture between oil giant Shell and Chinese conglomerate Dalian Wanda Group, which is one of China’s largest oil companies.
It also has investments in more than 10 other oil companies, according to its website.
It has developed several brands of oil and gas products, including an e-juice maker, a gas station and a delivery service.
Vapor is a heating or vaporizing technique that is often done in the home by using a vaporizer or vaporizer oil to heat a material, such as food, to produce vapor.
Vapene is also used in other products, such a creams and lotions.
Vapenes, which are a form of oil, are not meant to be used in a smoking device, which would be dangerous because they can be inhaled and produce toxic fumes.
Shell said it is focused on developing innovative new products that will be the key drivers for the future of the oil industry.
The purchase was made on behalf of the company by its joint venture partner, PetroChina, a Chinese conglomerate that operates in oil and natural gas fields.
PetroChina has invested more than $1 billion in Vapens.
In an interview on Bloomberg TV, Vapenglender CEO Robert Pritchard said the company plans to develop and market oil products, and he said the purchase was the first time PetroChina would invest in a Vapening company.
“The acquisition by PetroChina will be a significant investment for Vapeners in the future,” Pritchards said.