BP not to bid for pipeline project

PUBLISHED : Friday, 07 September, 2001, 12:00am
UPDATED : Friday, 07 September, 2001, 12:00am

Updated at 5.53pm:
British Petroleum (BP) confirmed on Friday it will not bid for the west-east pipeline project in the mainland.

The company said it did not see that it could make a significant contribution to the project.

The announcement came after PetroChina officials said the bid would be closed by the end of the month.

PetroChina is building the multi-billion US dollar west-east natural gas
pipeline project in China.

Analysts have said the 4,200-km pipeline project would be provide PetroChina with future earnings growth.


Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)