OTCPK:PCCYF - Post by User
Post by
derrickanithaon Nov 26, 2015 8:43am
180 Views
Post# 24327359
PetroChina in $550 Million Assets Sale
PetroChina in $550 Million Assets SalePetroChina, through its branch companies Xinjiang Oil Field Company, Southwest Oil & Gas Field Company, Huabei Oil Field Company, Dagang Oil Field Company, Liaohe Oil Field Company and Changqing Oil Field Company, has entered into Assets Transfer Agreements with state-owned enterprises wholly owned by CNPC, comprising Xinjiang Uygur Autonomous Region Petroleum Administration, Sichuan Petroleum Administration, Huabei Petroleum Administration, Liaohe Petroleum Exploration Bureau and Changqing Petroleum Exploration Bureau, and Dagang Oil Field (Group) Co Ltd (state-owned company, wholly-owned by CNPC), for the transfer of certain assets in China for a total consideration of CNY 3.51 billion (US$550 million)...
For more: https://www.1derrick.com/petrochina-in-550-million-assets-sale/17001/