First, it managed to attain
an optimal shareholder structure on the project, namely 50.1 percent went to itself, 20 percent - to CNPC and Total, 9.9 percent - to the Silk Road Fund.
As a prospective
shareholder in a company, you (ought to) demand something at least close to the
optimal capital
structure (i.e., with a good chunk of debt) to ensure adequate free cash flows to equity.