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BP

BP not to bid for pipeline project

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

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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.


 

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