BEIJING (AFX-ASIA) – China National Petroleum Corp (CNPC) said it has transferred all of its 439 retail gasoline stations to Hong Kong-listed unit PetroChina Co Ltd (HK 0857; NYSE PTR). The move is an attempt to centralise management of gasoline stations and increase Petrochina’s share of the oil products retail market, company spokesman Yuan Xinxiang…
CHINA: Petrochina assumes management over parent CNPC’s retail gasoline stations
Posted on May 5, 2004 by EnergyAsia