PetroChina Forms $6.5B Pipeline Venture With Asset Managers
PetroChina will own 50 percent of the joint venture, which also includes Taikang Asset Management Co. Ltd. and a fund managed by Guolian Securities Co. Ltd. The state-run firm will supply its western China pipeline assets, worth roughly 20 billion renminbi, as capital.
The joint venture will...
To view the full article, register now.