www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Oil giants consider pipeline, refinery sales

(Agencies) Updated: 2015-11-24 07:58

Oil giants consider pipeline, refinery sales

Sinopec technicians check pipeline facilities in Puyang, Henan province. [Photo/China Daily]

PetroChina Co and its State-owned parent are planning to sell assets before the end of the year that may include stakes in pipelines and refineries as the country's biggest oil and gas producers seek to shore up their balance sheets, according to sources with knowledge of the situation.

PetroChina and China National Petroleum Corp may announce the stake sales as early as this week, said the sources, who declined to provide details and asked not to be identified. CNPC is seeking to use proceeds from the sale to meet annual income growth targets set by the country's State asset regulators, according to the people.

"Many investors would prefer they cash in on some assets rather than running the assets themselves," Laban Yu, head of Asia oil and gas equities at Jefferies Group LLC in Hong Kong, said by phone.

"Investors have given almost zero valuation to PetroChina's assets such as pipelines. Any asset sales right now are good news for the company and could help its share price."

The slump in energy prices has pushed energy companies to shed assets and cut staff to survive the downturn. PetroChina's third-quarter profit fell 81 percent to the lowest since Bloomberg started compiling the data in 2007.

China Petroleum and Chemical Corp, the country's No 2 producer known as Sinopec, posted a 92 percent decline in profit.

The sale would be the first major divestment by either company since PetroChina sold a 20 billion ($3.1 billion) yuan pipeline stake to institutional investors in 2013. Saudi Arabian Oil Co, the world's largest oil exporter, hired Deutsche Bank AG to advise on the potential acquisition of some marketing, retail and refining assets from CNPC that could be worth several billion dollars, Bloomberg reported in October.

Income at both companies has dropped "dramatically" this year, adding pressure to meet growth targets, Wang Dongjin, a deputy general manager at CNPC and president of PetroChina, said in a statement posted on CNPC's website this month. CNPC will try to raise profit through an "asset-light" strategy, Wang said, without elaborating.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲精品天堂一区 | 国产第二页| 亚洲国产成人久久综合一 | 午夜精品久久久久久91 | 久久国产热视频 | 欧美国产在线一区 | 手机午夜看片 | 国产高中生粉嫩无套第一次 | 国产精品秒播无毒不卡 | 在线观看国产欧美 | 三级美国 | 免费看a视频 | 日本一级特黄特色大片免费视频 | 午夜欧美成人 | 国产盗摄精品一区二区三区 | 国产午夜精品免费一二区 | 欧美一级大片在线观看 | 久久亚洲国产的中文 | 中文字幕在线视频观看 | 日韩一区二区不卡 | 国产日韩欧美自拍 | 亚洲成 人a影院青久在线观看 | 亚洲一区网站 | 一区精品麻豆经典 | 亚洲国产精品第一区二区三区 | 欧美 亚洲 中文字幕 | 日韩国产三级 | 欧美日韩一区二区三区视频 | 五月激激激综合网色播免费 | 亚洲一区二区免费视频 | 极品精品国产超清自在线观看 | 一区二区三区中文字幕 | 国产亚洲人成网站在线观看 | 成人黄色免费网址 | 亚洲一区二区三区精品视频 | 综合精品在线 | 国产精品视频久 | 国产精品亚洲一区二区在线观看 | 亚洲第一成年网站大全亚洲 | 中国人免费观看高清在线观看二区 | 一区二区在线播放福利视频 |