PetroChina purchases 67% of Assets in Parent CNPC

PetroChina has purchased 67% of assets in PetroKazakhstan from its parent corporation, CNPC for US $2.74 billion, according to a PetroChina press release.     An analyst from the Guotai Junan Securities Consulting Company said that the deal would greatly increase the influence of PetroChina on the situation at PetroKazakhstan. “Kazakhstan’s state...