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Article

Shake-Up at CNPC [China National Petroleum Corporation]

In recent weeks, CNPC, advised by JP Morgan [JPMorgan Chase], has initiated talks with [its affiliate] PetroChina - advised by Citigroup in its turn - on selling the affiliate all of its international holdings, particularly in Sudan...Up to the present it was the parent company, CNPC, that managed the international assets deemed politically sensitive...In the U.S., for instance, NGOs opposed to the war Khartoum pursued in the south of the Sudan tried to organize a boycott of PetroChina on Wall Street. [also refers to Talisman]