virtualreview

china: news and opinion

CNPC may buy out city lender

China's top oil company will strengthen its financing might by purchasing a controlling stake of a local bank. An official from the capital operation arm of China National Petroleum Corporation (CNPC) confirmed with China Daily yesterday ... ...full story at People's Daily

from People's Daily on Wed, Nov 14 2007

see also:

09 Jun 08 visit Oil Wars: Chinese Corp. pt.4/5  »  YouTube videoChina National Petroleum Corporation (CNPC), can be traced from the beginning as a governmental department of the PRC government. In 1949, the Chinese government formed a Fuel Industry Ministry dedicated to the management of fuel. In January 1952 a sub...
28 Aug 08 visit PetroChina to acquire 51.89% stake in CNPC (Hong Kong)  »  People's Daily PetroChina Company Limited (PetroChina) is to buy a 51.89-percent stake in CNPC (Hong Kong) Limited from its parent company, China National Petroleum Corporation (CNPC), in a bid to further expand its gas business. The stake would cost 972 million...
20 Jan 08 visit CNPC looks to large refineries for growth  »  People's Daily The expected operation of four refineries each with a processing capacity of 10 million tons or more will greatly boost the growth of China National Petroleum Corporation (CNPC) in 2008, said a senior official of the country's largest oil p ...
20 Oct 08 visit CNPC, Uzbekistan oil company to co-develop oilfield  »  People's Daily China National Petroleum Corporation (CNPC) has signed a cooperation deal with Uzbekistan State Holding Oil and Gas Company Uzbekndftegaz on the joint exploration of Mingulak oilfield in Namangan region, Uzbekistan, CNPC announced on Monday. An...
06 Oct 07 visit China's oil giant to invest in refinery in Chad  »  People's Daily China National Petroleum Corporation (CNPC), the country's largest oil producer, is to invest in a joint venture refinery in Chad. The CNPC Service and Engineering Ltd, a wholly-owned subsidiary of CNPC, has signed an agreement with the ...
24 Apr 08 visit CNPC to raise gas production  »  People's Daily China National Petroleum Corporation (CNPC), the country's largest oil and gas producer, has said it plans to increase its natural gas output at the Xinjiang oilfield to 5 billion cu m annually by 2010. After 2010, the company will doubl ...

« Today's Stories