Companies & Finance

Kunlun Energy to retain assets as PetroChina adjusts sales policy

Kunlun Energy, the retail gas arm of PetroChina, has no plans to transfer gas assets following a move by PetroChina to adjust the management policy of its gas sales business.
By Staff reporter 7 November 2018 0 33211

Kunlun Energy, the retail gas arm of PetroChina, has no plans to transfer any of its gas assets following a move by PetroChina to adjust and improve the management policy of its gas sales business, Kunlun said in an exchange filing on Tuesday.

Kunlun has said it is “capable of carrying on its business independently”.

PetroChina’s gas sales branch company will begin operating wholesale gas business on its behalf, while Kunlun will continue to operate the retail sales business to end-user markets. 

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