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PetroChina announced to embark upon con-solidation of the business,assets and staffsof its two branches Ningxia Refining &Chemicals Company(NRC)and NingxiaPetrochemical Company,both in Ningxiaregion,northwestern China on December10th.This reorganization is aimed to opti-mize regional deployment of its oil refiningand chemical assets,reinforce risk-resis-tance capacity and realize integratedoperation,economies of scale and synergy.After the merger,the new company will be
PetroChina announced to embark upon con-solidation of the business, assets and staffs of its two branches Ningxia Refining & Chemicals Company (NRC) and Ningxia Petrochemical Company, both in Ningxiaregion, northwestern China on December10th. This reorganization is aimed at opti-mize regional deployment of its oil refining and chemical assets, reinforce risk-resis-tance capacity and realize integratedoperation, economies of scale and synergy. After the merger, the new company will be