Source:
https://scmp.com/business/companies/article/1298580/no-1-oil-producer-petrochina-sees-56pc-profit-bump-fuel-price
Business/ Companies

PetroChina seeks non-state allies for joint ventures

Oil and gas giant looks to co-investments with private enterprises and foreign firms after its joint-venture experience with asset managers

President Wang Dongjin expects a narrowing in PetroChina's gas import losses. Photo: Edward Wong

PetroChina, the country's largest oil and gas producer, will seek further co-investments in projects with private enterprises and foreign firms after forming a joint venture with two fund management firms in June.

"We will expand our co-operation with external parties based on the innovative model we used in our gas pipeline joint venture," said president Wang Dongjin.