China National Petroleum Corp and Sinopec, China’s top two state-owned oil companies, have denied they are considering merging to form a giant monopoly after rumours prompted both companies’ Hong Kong-listed shares to jump on Monday.
PetroChina, CNPC’s listed arm, said on Tuesday it had not received “any information, written or verbal, from any government authority” regarding a merger. Sinopec issued a similar denial to the Hong Kong exchange.
The idea of an oil merger first surfaced in February, after China’s two state-owned rail companies agreed to combine to better compete in international tenders.
您已閱讀26%（606字），剩余74%（1722字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。