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  1. National pension fund to invest 30b yuan in CDB before float

    Posted Oct 16th 2008, 12:00am by Staff Reporter

    ... diluted,' source said. Other possible strategic investors include domestic oil giants China National Offshore Oil Corp and China National Petroleum Corp. The Ministry of Finance and Central Huijin, ... Jane Cai The mainland's national pension fund intends to invest between 20 billion yuan (HK$22.71 billion) and 30 billion yuan in China Development Bank (CDB), the media reported ...

  2. Business digest

    Posted Oct 19th 2004, 12:00am by Staff Reporter

    ... added. He said China Merchants' net profit this year was expected to reach $3 billion.Chow Chung-yan cnpc appoints jp morgan for restructuring China National Petroleum Corp (CNPC)- parent ... china merchants to invest $10b in shenzhen China Merchants Group will invest $10 billion over the next three years to develop logistics and port businesses in Shenzhen. The group signed ...

  3. CNPC's HK unit aims to double assets, profits

    Posted Feb 13th 2009, 12:00am by Eric Ng

    ... acquisitions from its parent. Speaking after a special shareholders' meeting yesterday, chairman Li Hualin said his company would eventually acquire all of PetroChina and China National Petroleum Corp's (CNPC) downstream gas distribution assets. In December last year, PetroChina bought 51.89 per cent of CNPC (Hong Kong) from CNPC for HK$7.59 billion as part of a wider restructuring aimed ...

  4. PetroChina keen to buy stake in Scottish refinery

    Posted Jun 20th 2009, 12:00am by Eric Ng

    ... for discounted overseas acquisitions. PetroChina is one of the parties interested in buying into the Grangemouth refinery, British media quoted Scottish National Party councillor Angus MacDonald ... its crude oil consumption. Meanwhile, Mr Wang said PetroChina's 9.7 billion yuan (HK$11 billion) purchase of a refined oil pipeline and a crude oil pipeline from parent China National ...

  5. CNPC (HK) targets 20-fold growth in gas revenue

    Posted May 15th 2009, 12:00am by Eric Ng

    ... But any injection was only likely to happen after two or three years, as PetroChina was in the process of absorbing and restructuring parent China National Petroleum Corp's nascent city gas ... and China Gas Holdings. But, with expertise in end-user market development, the rivals could counter this by co-operating with PetroChina, which produces more than 70 per cent of the nation ...

  6. CNPC plans to axe 83,500 jobs as price curbs, taxes dent profits

    Posted Jul 26th 2008, 12:00am by Eric Ng

    ... Eric Ng China National Petroleum Corp (CNPC), the parent of energy giant PetroChina, plans to axe 5 per cent of its staff over the next three years to bolster sagging earnings. President ... PetroChina's profitability. Savings could not be estimated because of a lack of details. PetroChina has been less aggressive in cutting its bloated workforce than rival China Petroleum & Chemical ...

  7. Safety in action, not just in words

    Posted Jan 15th 2004, 12:00am by Hu Shuli

    ... Hu Shuli It is not enough just to hold China National Petroleum Corp accountable for the Chongqing gas blast; the system is also to blame for the disaster. It is imperative to bring ... of China's petroleum enterprises. Many people are suggesting that China should establish a ministry of energy, which could be part of this new mechanism. On December 28, five days after the accident, ...

  8. Sinopec sells unit and buys its assets

    Posted Jul 08th 2004, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec), eager to streamline its labyrinthine corporate structure, will sell one of its 12 listed subsidiaries- and then buy back its core assets. The nation's second-largest oil company said it had agreed to sell its entire 40.72 per cent stake in Shanghai-listed Sinopec Wuhan Phoenix to Qingjiang Investment and China Guodian ...

  9. Yellow River economic zone set for approval

    Posted Jul 15th 2009, 12:00am by Eric Ng

    ... investors. Located near the mouth of the Yellow River, Dongying is home to China Petroleum & Chemical Corp's (Sinopec's) Shengli oilfield, the country's second-largest, and more ... refineries. The city wants to co-operate with Sinopec and China National Offshore Oil Corp to restructure its fragmented refining industry by replacing old facilities with new and large-scale plants. ...

  10. State-owned firm loses up to US$500m with bungled bets on oil price

    Posted Dec 01st 2004, 12:00am by Wang Xiangwei

    ... Wang Xiangwei in Beijing China Aviation Oil (Singapore) Corp, which has a near monopoly on importing jet fuel into the mainland, is believed to have lost up to US$500 million because ... Singapore's troubles could have implications for the forthcoming listing of Air China, which said on Monday it planned to hedge up to half of its jet fuel for next year to reduce the impact of another ...




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