皇冠体育app

Privatization plans gain speed

皇冠体育app National Petroleum Corporation plans to attract private investment for part of its West-East gas pipeline business. The company is also planning to restructure its oil and gas-service company.

CNPC will offer a 49 percent stake in its oilfields in the Xinjiang Uygur autonomous region to other investors, including private companies.

皇冠体育app Petrochemical Corporation has completed the reorganization of its profit-making sales unit by inviting private and non-State investors.

皇冠体育app National Offshore Oil Corporation is stepping up deep-water exploration of oil and gas resources by introducing market forces such as privately owned MSP-DRILEX in Shanghai, as part of its mixed-ownership drive.

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