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Two positive news from PetroChina’s 2020 interim result

On 27 August 2020, PetroChina (0857) released its 2020 interim result. Under the severe macroeconomic environment and collapse of oil price, PetroChina ‘s sale for 2020 first half was downed by 22.3% YOY. As a result, PetroChina made a loss…

What are the implications for PetroChina(0857) selling its pipeline business?

Background On 27 July 2020, PetroChina (0857) announced a transaction agreement with PipeChina for selling its pipeline business and assets. The appraised value of the target assets are approximately RMB268.7 billion. RMB149.5 billion will be satisfied through equity interest in…