Kunlun Energy Seeks to Sell Upstream Assets & Buy Tangshan LNG

Source: Bloomberg 5/15/2016, Location: Asia

Kunlun Energy, a unit of China National Petroleum Corp, plans to sell upstream assets and may buy an LNG terminal from its parent as the company shifts focus to gas distribution, Chairman Huang Weihe said. The company is seeking to sell international assets to its parent or to global oil majors, Huang told reporters in Hong Kong Thursday after Kunlun’s annual shareholder meeting.

Kunlun owns nine oil and gas producing assets in seven countries including China, Huang said. The Company is actively looking for buyers and there is no timeline for the sale, he said.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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