Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, May 14, 2014

PetroChina shares up on multi-billion-dollar pipeline spin-off

PetroChina shares up on multi-billion-dollar pipeline spin-off
Shanghai (AFP) May 13, 2014 - Shares in PetroChina, a listed unit of China's largest oil producer, jumped Tuesday after it unveiled plans to spin off a multi-billion-dollar pipeline business as the government seeks to diversify state ownership. China in November announced a package of policies aimed at loosening authorities' grip on the world's second largest economy after a key Communist Party meeting known as the Third ... morehttp://www.energy-daily.com/reports/PetroChina_shares_up_on_multi-billion-dollar_pipeline_spin-off_999.html

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