CNPC said to consider oilfield unit listing through Daqing Huake

CNPC said to consider oilfield unit listing through Daqing Huake

The logo of CNPC (China National Petroleum Corporation) is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo

China National Petroleum Corp., the country’s biggest oil and gas producer, may use a small-cap company called Daqing Huake Co. as a vehicle to list its oilfield services unit and avoid an initial public offering, according to people with knowledge of the situation.

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