Trans-Asia Gas Pipeline Co. : Franchise Herald

Trans-Asia Gas Pipeline Co.

Trans-Asia Gas Pipeline Co.

PetroChina to Sell Stake at Trans-Asia Gas Pipeline, Seeks to Meet Year-End Profit Target

PetroChina Co., a Chinese state-controlled oil company, is planning to sell its stake in Trans-Asia Gas Pipeline Co. for as much as 15.5 billion yuan or $2.4 billion, according to a report from Bloomberg. The sale is due to the biggest oil and gas producer in China seeking to meet its year-end profit targets and focus on exploration as energy prices continue to slump.

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