PetroChina gears up for more pipeline reshuffling

China’s biggest pipeline operator is considering further reorganisation of its sprawling pipeline assets as it looks to bring in outside investment
By Li Xin 8 March 2017
Building the western segment of the Second West-East Pipeline. (CNPC)

PetroChina is considering another round of restructuring for its sprawling pipeline empire amid speculation it plans to spin off its gas pipeline business with an initial public offering in Hong Kong by the end of this year, company sources have told Interfax Natural Gas Daily.

“PetroChina’s pipeline assets will undergo more reshuffling,” said a source at PetroChina Pipelines, the state energy giant’s pipeline holding company, which was formed at the end of 2015. PetroChina owns 72.26% of the unit, which operates China’s three West-East...

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