Inform

PetroChina begins asset divestment

This report is currently unavailable

This report is currently unavailable

Get this Inform as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.
 

Report summary

PetroChina announced a series of asset sales and internal mergers, including the sale of its 50% stake in the Trans-Asia Gas Pipeline Co. to Mansong Holdings, a subsidiary of China Reform Holdings Corp., the integration of its two natural gas transmission businesses Kunlun Gas Company and Kunlun Energy Company, and a transfer of 6 natural gas storage facilities to its parent company CNPC. When completed, these moves will generate around US$3 billion in sale proceeds to PetroChina, increasing cash flow and providing a one-off boost to profits at a time of low oil prices. 

What's included

This report contains

  • Document

    PetroChina begins asset divestment

    PDF 969.83 KB

Table of contents

  • PetroChina begins asset divestment

Tables and charts

This report includes 1 images and tables including:

Images

  • Kunlun Energy Company Revenue (2014)

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898