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CNPC HK agrees to buy into China Oil & Gas

Sep. 21, 2009 (China Knowledge) - CNPC (Hong Kong) Ltd<0135>, which is 58.01% held by China National Petroleum Corp, on Wednesday announced that it has agreed to pay RMB 615.5 million to acquire a 49% stake in China Oil & Gas Co, sources reported. CNPC (Hong Kong) said in a statement that it will buy the stake from CNPC Pipeline Bureau, a sister company wholly-owned by CNPC. China Oi

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