ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Nikkei Markets

Kunlun Energy To Sell Crude Exploration Unit For $11.2 million To CNPC Unit

By Benny Kung
Nikkei Markets
HONG KONG (Jan 02) -- Oil and gas producer Kunlun Energy plans to sell its crude exploration and production unit in Azerbaijan for $11.2 million to China National Petroleum Corp. Kura.

CNPC International (Kura) is a unit of China's state-owned CNPC, which is Kunlun's controlling shareholder. The company will use the proceeds from the sale of Fortunemate Assets to expand its natural gas application business, it said in a statement to the Hong Kong stock exchange.
- By Benny Kung; benny.kung@NikkeiNewsrise.com; +85239605153
- Edited by Suzannah Benjamin
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media