CNPC CONTINUES STRATEGIC RECAPITALIZATION
AsiaInfo Services, December, 2002
AsiaInfo Services 12-12-2002 CNPC Continues Strategic Recapitalization BEIJING, Dec 12, 2002 (SinoCast via COMTEX) -- China National Petroleum Corporation (CNPC) carries on implementing recapitalization and sets up professional geophysical prospecting and logging companies. These two companies are founded today at the same time by the name of CNPC East Geophysical Prospecting Co., Ltd.
and CNPC Logging Co., Ltd. An executive from CNPC says that geophysical prospecting and logging are two of the main business fields of CNPC as well as most important production sectors. The professional recapitalization is to consolidate existing resources and forces so as to form an integrative predominance and ultimately to cope with challenges from domestic and overseas...
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