PetroChina and Beijing Gas regroup Jinzhou Gas with RMB300mln
PetroChina Beijing Gas (Jinzhou) Gas Co., Ltd founded by PetroChina Liaohe Oilfield Company, Jinzhou Municipal Government and Beijing Gas Group held the inauguration ceremony on the morning of last Saturday, sources reported.
The registered capital of restructured Jinzhou Gas Company based on the tripartite cooperative framework agreement soars from 100 million yuan to 300 million yuan. PetroChina Liaohe Oilfield Company contributes 153 million yuan, accounting for 51% stake; Beijing Gas Group contributes 144 million yuan, accounting for 48% stake; Jinzhou Municipal Government contributes 3 million yuan, accounting for 1% stake. These funds will be mainly applied in the renovation and construction of natural gas pipeline network of Jinzhou City.