Arab Today, arab today petrochina to sell pipeline business to accelerate mixedownership
Last Updated : GMT 12:04:57
Arab Today, arab today
Arab Today, arab today

PetroChina to sell pipeline business to accelerate mixed-ownership

Arab Today, arab today

Arab Today, arab today PetroChina to sell pipeline business to accelerate mixed-ownership

Beijing - XINHUA

PetroChina, China's top oil and gas producer, announced on Monday it will use part of its pipeline business to form a new company, which will then be sold as part of its mixed-ownership drive. The new company will be based on assets and liabilities concerning the west-east gas pipeline managed by its pipeline subsidiary and all shares will be transferred after its establishment, according to a PetroChina announcement filed with the Shanghai Stock Exchange. Total assets involved are estimated at over 82 billion yuan (13 billion U.S. dollars), with total liabilities of around 53 billion yuan and net assets at 29 billion yuan, the announcement said. PetroChina said the move will improve its distribution of resources and financing structure, as well as boost its mixed-ownership progress. The new firm, which could possibly be called East Pipeline Company, will be established in Shanghai with registered capital at 10 billion yuan. No specific timetable has been released yet. PetroChina is a subsidiary of the country's gas and oil giant China National Petroleum Corporation

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today petrochina to sell pipeline business to accelerate mixedownership Arab Today, arab today petrochina to sell pipeline business to accelerate mixedownership

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today petrochina to sell pipeline business to accelerate mixedownership Arab Today, arab today petrochina to sell pipeline business to accelerate mixedownership

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday