CNPC LIFTS OIL PRODUCTION
CNPC is trying a new tack on old oilfields in northeast China, as its largest oil company tries to stem declining production and throw off the shadow of a year-long corruption probe.
The pilot project comes as China's largest state-owned groups experiment with ways to attract additional capital without issuing more debt.
Sinopec, the nation's second-largest oil company, kicked off the reform with an announcement that it would sell a 30 per cent share in its retail arm, and other companies have followed suit.
Mao Zefeng, from CNPC's listed unit…
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