PetroChina plans to open first Indian office in Mumbai: sources [Reuters]
PetroChina Company Limited (PTR)
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Source: Reuters
PetroChina plans to open first Indian office in Mumbai: sources | Reuters 3 Min Read SINGAPORE/NEW DELHI (Reuters) - China’s top oil and gas producer PetroChina is preparing to open its first South Asia office in India to scout for business opportunities in oil and liquefied natural gas, three industry sources told Reuters. This is another sign of China expanding its role in overseas markets after years of building refining capacity and as a refined oil product glut builds in Asia. The company was registered as PetroChina International (India) on July 17 with a total paid-up capital of 33 million rupees ($444,000) in Mumbai, according to the information posted on the Ministry of Corporate Affairs website. It has three directors listed including Rajesh Sampatkumar Modani, who had been working as a principal consultant with law firm Trilegal, according to his LinkedIn profile. The others are Hongwei Xia, who is currently at PetroChina’s Singapore office, and Chi Zhang. PetroChina plans
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