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Oil giant CNPC to open six business areas to private investors
中石油向私人投資者開放業務領域
China's largest oil company -- China National Petroleum Corporation -- plans to make six business areas open to private investors. Company Chairman Zhou Jiping spoke about the plans with reporters Wednesday on the sidelines of the NPC’s session in Beijing.
Zhou says CNPC will attract private money to build pipelines, refineries and chemical complexes and tap unconventional oil and gas resources. --CNPC, which is the parent company of PetroChina, also plans to open its overseas exploration and production and finance operations to private investment.
The chairman said CNPC’s board of directors will later decide what proportion of the oil giant’s stake will be made available to private investors. Sinopec, Asia’s largest oil refiner, said last month that it plans to sell up to 30 percent of its retail oil business to private investors.
