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  1. PetroChina acquires parent's global reserves for 20b yuan

    Posted Jun 11th 2005, 12:00am by Eric Ng

    ... Eric Ng PetroChina confirmed yesterday that it will acquire control of global oil reserves owned by its parent company through a 50-50 joint venture, rather than buying them. The Hong ... Asia, South America, Canada, Middle East, Africa and Southeast Asia. The joint venture will also own PetroChina's only overseas oil fields, in Indonesia, and CNPC's fields on northern ...

  2. Li jumps on tycoons' PetroChina bandwagon

    Posted Sep 03rd 2005, 12:00am by Denise Tsang

    ... Denise Tsang Li Ka-shing has emerged as one of the three tycoons to have taken up a big slice of the $18.98 billion share placement by mainland oil giant PetroChina. Mr Li and his property flagship, Cheung Kong (Holdings), paid US$200 million between them for new PetroChina shares, a company spokeswoman revealed yesterday. Cheng Yu-tung, head of property developer New World ...

  3. PetroChina may face claims from US investors

    Posted Dec 14th 2005, 12:00am by Mark O'Neill

    ... Mark O'Neill Lawyers in the US are split over whether PetroChina will face a lawsuit from shareholders over the explosion at its plant in Jilin city that spilled 100 tonnes of carcinogenic benzene into a river that flowed through northeast China and into the Russian Far East. Since PetroChina listed American depositary receipts on the New York Stock Exchange in April 2000, ...

  4. PetroChina forges Kuwaiti alliance

    Posted Dec 08th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Venture to build US$5b petrochemical complex in Guangdong and open door to overseas oil giants The mainland's biggest oil company, PetroChina, has formed an alliance ... in the ministry, widely reported that the mainland company was PetroChina. A spokeswoman with PetroChina yesterday could not ascertain whether the project would be led by PetroChina or its unlisted parent, ...

  5. PetroChina plans 103b yuan spending

    Posted Jul 04th 2005, 12:00am by Eric Ng

    ... Eric Ng Record investment will upgrade plants and boost exploration PetroChina plans to spend a record 103 billion yuan this year, 5.64 per cent more than indicated by its management ... crude oil pipeline later this year to carry oil to Dushanzi, near the Kazakhstan border. PetroChina earlier said it would lift the annual capacity of its oil refinery in Dushanzi from six ...

  6. PetroChina seeks $19b in share issue

    Posted Sep 01st 2005, 12:00am by Eric Ng

    ... Anette Jonsson and Eric Ng Heavily oversubscribed offer seen as means of boosting reserves for further foreign acquisitions PetroChina, the Hong Kong-listed arm of the mainland's ... extra cash will help PetroChina pursue overseas acquisition opportunities,' he added. The share offer is set to be Hong Kong's third largest follow-on placement of new shares ever, ...

  7. PetroChina wins deal to supply Chek Lap Kok jet fuel

    Posted Nov 24th 2005, 12:00am by Eric Ng, Russell Barling

    ... Russell Barling and Eric Ng PetroChina is to grab a slice of the crowded Hong Kong jet fuel market by shipping fuel from Zhuhai to Chek Lap Kok airport. Chinaoil, the trading unit ... A spokeswoman for the Airport Authority said PetroChina would start supplying from January. The volume will be less than 3 per cent of its demand of about 118 million gallons per month. Any supplier ...

  8. PetroChina braces for legal and financial fallout from spill

    Posted Dec 07th 2005, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai The spill carrying carcinogenic benzene has passed the major cities of China but PetroChina has yet to face the full legal and shareholder impact. Two groups ... of California, has called on the California State Teachers Retirement System to sell the US$24 million worth of shares it owns of the company. PetroChina is only starting to feel the legal and financial ...

  9. PetroChina shares drop after accident

    Posted Nov 26th 2005, 12:00am by Eric Ng

    ... Eric Ng PetroChina's share price fell yesterday after the mainland environmental watchdog said it should take responsibility for water contamination caused by the explosion ... The public was informed about the contamination by the government only nine days after the disaster, while PetroChina's Jilin Petrochemical subsidiary had told state media the benzene would ...

  10. PetroChina sparks push back above 15,000 level

    Posted Sep 02nd 2005, 12:00am by Staff Reporter

    ... Fiona Lau An unexpectedly keen investor response to PetroChina's mega share placement and easing oil prices yesterday triggered a sharp rally that pushed the Hang Seng Index back above the psychologically important 15,000 level. Heavy buying of PetroChina saw its turnover reach $2.45 billion, making it the most actively traded stock of the day. In a reversal of normal ...




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