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  • September 23, 2014
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  1. PetroChina keen to buy stake in Scottish refinery

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

    ... Eric Ng PetroChina has reportedly expressed interest in buying a stake in Scotland's sole refinery from a heavily indebted British chemical company as the oil giant continues to look 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 ...

  2. PetroChina share fears hit markets in mainland

    Posted Oct 01st 2004, 12:00am by Elaine Chan

    ... Elaine Chan Stock markets in the mainland slumped yesterday on fears of a flood of new shares from PetroChina, the country's biggest oil producer. PetroChina has denied reports ... Zefeng, a company spokesman. 'It conforms with our long-term strategy.' PetroChina shares already trade on the Hong Kong stock exchange. PetroChina bankers are working on restructuring ...

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

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

    ... Eric Ng CNPC (Hong Kong), PetroChina's new financing arm for its downstream gas distribution ambitions, expects to more than double assets and profits in three to five years through 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 ...

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

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

    ... Eric Ng CNPC (Hong Kong), PetroChina's new natural-gas distribution arm, aims to boost turnover up to 20-fold by 2015 by acquiring its parent's projects, chairman Li Hualin said. 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 ...

  5. Refinery deals move Sinopec into rival PetroChina's turf

    Posted Dec 31st 2003, 12:00am by Eric Ng

    ... dominates the oil and petrochemical sector in the mainland's eastern and southern regions, has agreed to buy from its parent two oil refineries in the northwest, the domain of rival PetroChina ... yuan, the company said. They will be its only refineries in the northwest. PetroChina has five oil refineries in the region. Xinjiang-based Tahe Petrochemical, which can process 700,000 tonnes ...

  6. Partners in talks to split China United assets

    Posted Jul 30th 2008, 12:00am by Eric Ng

    ... Eric Ng China National Coal Group, parent of listed China Coal Energy, is in talks with PetroChina on splitting the assets of their joint venture, China United Coalbed Methane, due ... United's exploration assets should be commercialised in the quickest way possible,' Mr Jing said. 'PetroChina and China National Coal are negotiating in coordination with the National ...

  7. 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 holds most of the group's oil and gas production, refining and petrochemical operations, except those in politically sensitive areas such as Sudan as well as small-scale ...

  8. CUCBM in talks with potential investors to raise up to 20b yuan

    Posted Nov 21st 2009, 12:00am by Eric Ng

    ... and oil and gas producers. PetroChina, a former shareholder of CUCBM, China Petroleum & Chemical (Sinopec) and Shanxi province coal miner Jincheng Anthracite Coal Mining Group had all applied, Xinhua reported. Citing differences in opinion over development strategies, PetroChina and CUCBM's current parent China National Coal Group agreed last year to break up CUCBM's assets ...

  9. Dalian Port plans IPO to buy parent's assets

    Posted Sep 11th 2009, 12:00am by Eric Ng

    ... with PetroChina was expected to be completed by year-end. He also said the two firms' 2.6 billion yuan joint-venture liquefied natural gas processing terminal in Xingang, Dalian, should come on stream in 2011, even though PetroChina had so far secured just about 66 per cent of the terminal's gas requirements, as there was still time for more procurement. PetroChina has signed deals ...

  10. Business digest

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

    ... of PetroChina- has appointed JP Morgan as its financial adviser on a potential restructuring of its overseas oil and gas assets, sources said. PetroChina, meanwhile, has mandated Citigroup to advise ... and 8.18 million boe of gas last year. PetroChina, which operates mostly in the domestic market, had 17.76 billion boe of proved oil and gas reserves at the end of last year. It produced 773.7 ...




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