Kunlun Energy: China National Petroleum Corporation and China National Petroleum Corporation (Thailand) plan to sell a 51% stake in Nantong CNPC and a 40% stake in Ganhe CNPC to SDSL
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Kunlun Energy announced that China National Petroleum Corporation Zhongtai and Shandong SDSL Co., Ltd. signed a letter of intent to sell a 51% stake in Nantong Zhongyou and a 40% stake in Ganhe Zhongyou, with SDSL able to pay through the issuance of shares and cash. The transaction is still under negotiation and may not be finalized. Nantong Zhongyou and Ganhe Zhongyou are primarily engaged in natural gas sales and gas pipeline construction
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