HONG KONG: PetroChina Co and its state-owned parent are planning to sell assets before the end of the year that may include stakes in pipelines and refineries as the country's biggest oil and gas producers seek to shore up their balance sheets, according to people with knowledge of the situation.
PetroChina and China National Petroleum Corp may announce the stake sales as early as this week, said the people, who declined to provide details and asked not to be identified because the information isn’t public.
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