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Goldman Sachs maintains China oil neutral rating

Source: Internet
Author: User
Keywords Equity profitability uncertainty
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Goldman Sachs says PetroChina (0857.HK) buys Singapore oil at $1.02 billion trillion (S99). SG) A 45.5% per cent stake was an accident, as Singapore's domestic oil market relative to the school said that the outlook for refining in the 2009-2010-year region was rather bleak because of significant uncertainties in supply and expected significant pressure on Singapore's refining margins in the next few quarters. The effect of the deal to boost profitability will appear in fiscal year 2010 (less than 1%).

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