---- Blick auf eine Tankstelle von PetroChina, eine Tochtergesellschaft der CNPC (China National Petroleum Corporation) in Qiqihar City, im Nordosten Chinas Heilongjia
--FILE--View of a gas station of PetroChina, a subsidiary of CNPC (China National Petroleum Corporation) in Qiqihar city, northeast China's Heilongjiang province, 15 August 2016. China National Petroleum Corp. plans to spin off most non-energy assets -- a portfolio comprising roughly 10 percent of its workforce -- as low oil prices force the state-run behemoth to streamline, according to people with knowledge of the matter. Under a plan detailed at an internal meeting in Beijing last month, CNPC would bundle businesses employing about 140, 000, including hotels, hospitals, schools and utility companies, into regional units, said the people, who asked not to be identified because the information isn¯t public. The reorganization, which would see the assets taken over by local governments or folded into joint ventures with outside investors, must be completed before 2019, the people said.
