(EnergyAsia, May 26, Tuesday) — PetroChina plans to raise RMB100 billion in new debt to help finance key projects. (US$1=RMB6.82). The money will go towards mostly spending on exploration, refining and infrastructure projects abroad. The company, which just announced a US$1 billion acquisition of a 45.5% stake in Singapore Petroleum Company, is also targeting projects…
CHINA: PetroChina to issue RMB100 billion in debt to finance key projects
Posted on May 25, 2009 by EnergyAsia