国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

PetroChina to acquire 45.51% stake in Singapore Petroleum Company

(Xinhua)
Updated: 2009-05-25 10:49

PetroChina Company Limited announced Sunday that the company has entered into a conditional agreement through its Singapore subsidiary to acquire 45.51 percent of the total issued share capital of Singapore Petroleum Company Limited (SPC).

The deal was for cash consideration of 6.25 Singapore dollars per share, or 1.47 billion Singapore dollars ($1.02 billion) in total.

The agreement was signed between PetroChina's indirectly wholly owned subsidiary, PetroChina International (Singapore) Pte Ltd, and Keppel Oil and Gas Services Pte Ltd, a wholly owned subsidiary of Singapore-based Keppel Corporation Limited ("Keppel").

The deal was still waiting for the final approval from China's regulatory departments.

Related readings:  PetroChina to raise 100b yuan  PetroChina Jinzhou to raise April crude runs 16%  PetroChina among world's 10 most profitable firms  PetroChina hit by refining loss

PetroChina and Keppel also plan to explore opportunities in the offshore oil industry and expect to realize more mutual interests, said PetroChina.

As one of the largest oil and gas companies in the world, PetroChina is engaged in a broad range of oil and natural gas activities including the exploration, production and refining of crude oil and natural gas.