(EnergyAsia, December 21, Monday) — CNPC (Hong Kong) Ltd said its 97.26%-owned natural gas subsidiary Xinjiang Xinjie Co will sell oil storage and pipelines to its parent, PetroChina Co Ltd, for a total of 584.8 million yuan. (US$1=6.83 yuan). CNPC said Xinjiang Xinjie will sell its refined oil product storage tanks for 83.9 million yuan,…
CHINA: PetroChina to acquire Xinjiang oil storage and pipelines for 584.8 million yuan
Posted on December 20, 2009 by EnergyAsia