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BLACKSTONE BUSINESS MODEL
INTEGRATED UPSTREAM & DOWNSTREAM BUSINESS UNITS
Blackstone – Listed Co
100% 100%
1. Upstream
Downstream 2. Downstream
Business Unit
Partner(s) Business Unit
(UBU)
(DBU)
Future Asset
Investments
90%
Future Alliances
Alliance 1 Alliance 2 Alliance 3 Alliance 4
Ta Khoa - Vietnam
NCM precursor production
9
