As its name suggests, PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.

Newbridge sells back Xinjiang Guanghui LNG stake for US$46m

US buyout firm Newbridge Capital has agreed to sell back to the controlling shareholder a 24.99 per cent stake in Xinjiang Guanghui LNG Development for US$45.96 million, after the gas distributor failed to secure supply to support expansion.