Sign up | Log in



Home  >>  Daily News  >>   Singapore News  >>  Energy  >>  PetroChina takes 45% stake in Singapore Petroleum

22 June 2009

PetroChina takes 45% stake in Singapore Petroleum

Related Stories

May 25, 2009
Chinese firm buys 45.5% stake in Singapore refiner

April 17, 2009
Singapore picks Korean firm to build oil cavern 

March 8, 2009
Singapore: Neste’s biofuel plant targets cars in Europe

PetroChina Co. said Sunday it has completed the purchase of 45.5 percent stake in Singapore Petroleum Co and will make a buyout offer for the balance of the shares, reported Chinese state news agency Xinhua.

PetroChina will offer $6.25 in cash per Singapore Petroleum share under the offer, which it is required to make under Singaporean regulations. The deal would cost 1.47 billion Singapore dollars ($1.02 billion) in total, according to the statement.

PetroChina, the listed unit of China's biggest oil and gas producer, said earlier on May 24 that it entered into a conditional agreement through its Singapore subsidiary to acquire 45.5 percent of the total issued share capital of Singapore Petroleum.

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.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand