Energy News  
PetroChina to debut Monday in Shanghai

by Staff Writers
Shanghai (AFP) Nov 2, 2007
PetroChina said Friday it will begin trade on the Shanghai bourse on November 5 after raising nearly nine billion dollars in the nation's largest ever initial public offering (IPO).

China's biggest oil and gas producer said three billion shares of the retail portion of the issue, which are not subject to lock-up periods, will start trading Monday, according to a statement with the Shanghai Stock Exchange.

PetroChina, already listed in Hong Kong and New York, raised 66.8 billion yuan (8.9 billion dollars) in a share offer in October by selling four billion yuan-denominated A shares at 16.70 yuan each.

A strong debut for the firm has the potential to elevate PetroChina's worth over US oil giant ExxonMobil, the world's largest company by stock value with a market capitalization of more than 500 billion dollars.

Community
Email This Article
Comment On This Article

Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


Oil crisis exercise bares US 'impotence'
Washington (AFP) Nov 1, 2007
It's August 2009, oil prices have topped 150 dollars a barrel and a secret uranium plant has been detected in Iran.







  • PetroChina to debut Monday in Shanghai
  • Industry welcomes fuel price hikes in China, but tensions remain
  • CSIRO And Queensland Government To Workshop Smart Exploration Techniques
  • Green500 List To Put Supercomputing On A Diet

  • Nuclear power a way to cut EU reliance on outside suppliers: Estonia
  • Egypt seeks to head table of 'Arab nuclear family'
  • Using Supercomputers To Make Safer Nuclear Reactors
  • Japan nuclear operator sees red after quake

  • A Breathable Earth
  • Researchers Find Origin Of Breathable Atmosphere Half A Billion Years Ago
  • Study Reveals Lakes A Major Source Of Prehistoric Methane
  • Giant Atmospheric Waves Over Iowa

  • Wildfire Drives Carbon Levels In Northern Forests
  • Biodiversity said to be key to healthy forests: study
  • Chinese loggers stripping Myanmar's ancient forests
  • Greenpeace aims to expose Indonesian forest destruction

  • One third of Europe's freshwater fish face extinction: IUCN
  • Tuna fishing quota violators targeted in report
  • Drought slashes Australian wheat crop
  • Human-Generated Ozone Will Damage Crops

  • US military spurs robot car creations with big money race
  • Automakers trying to turn gas-guzzlers green
  • GM looks to China for cleaner cars
  • VW restates record sales target on strong results from China, South America

  • NASA sorry over air safety uproar
  • Airbus superjumbo makes first commercial flight
  • Airbus superjumbo takes off on first commercial flight
  • Solar Telescope Reaches 120,000 Feet On Jumbo-Jet-Sized Balloon

  • Nuclear Power In Space - Part 2
  • Nuclear Power In Space
  • Outside View: Nuclear future in space
  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement