PetroChina Co Ltd to Set up Joint Venture


Friday, 14 Jun 2013 08:00pm EDT 

PetroChina Co Ltd announced that it will invest its pipeline assets valued at RMB 20 billion to establish a joint venture with a Beijing-based asset management company and a Beijing-based fund. The joint venture capitalized at RMB 40 billion will be engaged in the construction of oil and gas pipelines and related technical consulting, the import and export of goods and technologies, as well as the promotion of technologies in Beijing. The Company will hold a 50% stake in the joint venture, and the Beijing-based asset management company and Beijing-based fund will hold a 50% stake collectively. 

Company Quote

116.06
5.4 +4.88%
21 Nov 2014