Market Views

Chinese Government gets the Jitters after PetroChina Backtracks on the Auction Plan of its Gas Pipeline Unit

PetroChina is reconsidering a plan to auction off its natural gas pipeline unit which is worth multi-billion dollars and could instead offload it to an affiliate. Offloading PetroChina Eastern Pipelines Co Ltd to the affiliate, which is 50 percent owned by PetroChina, would enable China’s largest energy producer to maintain control over the national gas […]

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