Asia Unhedged | Petrochina leaning towards public listing of oil and gas pipelines
PetroChina's logo is seen at its petrol station in Beijing. Photo: Reuters, Kim Kyung-hoon
PetroChina's logo is seen at its petrol station in Beijing. Photo: Reuters, Kim Kyung-hoon
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Petrochina leaning towards public listing of oil and gas pipelines

“Timing is unclear,” but management is in favor of spinoff

March 23, 2017 11:53 PM (UTC+8)

Seeking Alpha reports that PetroChina is considering publicly listing oil and gas pipelines in a US$85 billion spinoff.

Analysts from Bernstein and Jeffries tell Bloomberg that the management is leaning towards such a spinoff, but “timing is unclear.”

Jeffries’ head of Asian oil and gas equities Laban Yu adds that monetizing pipeline assets is one of PetroChina’s only options to attract investors.

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