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  1. PetroChina to buy assets for 5.3b yuan

    Posted Nov 20th 2008, 12:00am by Staff Reporter

    ... PetroChina, the country's largest oil producer, will pay 5.3 billion yuan (HK$6.01 billion) in cash to buy six oil and gas exploitation units from its parent. It said the acquisition fitted its expansion strategy in tapping the oil and gas exploitation sectors. The units are in Sichuan, Xian, Jilin, Tianjin, Liaohe region and other parts of northern China. PetroChina will pay ...

    http://www.scmp.com/article/660845/petrochina-buy-assets-53b-yuan
  2. PetroChina loses top value rank to ExxonMobil

    Posted Nov 07th 2008, 12:00am by Staff Reporter

    ... PetroChina has lost its crown as the world's most valuable company to ExxonMobil Corp following the stock market slump, as the nation's largest oil producer celebrated the first anniversary of its A-share listing. PetroChina catapulted into the global spotlight on its trading debut on November 5 last year when it surged 191 per cent to 48.62 yuan from the offer price of 16.70 ...

    http://www.scmp.com/article/659253/petrochina-loses-top-value-rank-exxonmobil
  3. PetroChina to drill in Uzbek oilfield

    Posted Oct 21st 2008, 12:00am by Eric Ng

    ... Eric Ng China National Petroleum Corp (CNPC), the parent of listed PetroChina, has signed an agreement to invest in an oil production project in Uzbekistan, expanding the mainland's ... and PetroChina's spokesmen were unable to provide further details, although they confirmed that PetroChina would be the joint venture's operating entity. Discovered in 1992, the Mingbulak field ...

    http://www.scmp.com/article/657069/petrochina-drill-uzbek-oilfield
  4. PetroChina plans Daqing oil boost

    Posted Jan 03rd 2008, 12:00am by Carol Chan

    ... PetroChina, the nation's largest oil and gas producer, has developed technology to exploit more than one billion tonnes of oil reserves from its largest and oldest oilfield, Daqing, in Heilongjiang province, but it remains unclear as to whether the advancement would add much to oil output. The so-called well-fracturing method would help PetroChina drill reserves at Changyuan ...

    http://www.scmp.com/article/621513/petrochina-plans-daqing-oil-boost
  5. Company profile - PetroChina

    Posted Jun 02nd 2008, 12:00am by Staff Reporter

    ... PetroChina's principal activities are the exploration, production, trading and sale of refined and chemical products. Other activities include the design and construction of pipelines and provision of consulting services. The group's leading customers are Sinopec and China National Petroleum Corp (CNPC). ...

    http://www.scmp.com/article/640032/company-profile-petrochina
  6. PetroChina debacle likely to prompt big regulatory changes

    Posted Jan 07th 2008, 12:00am by Wang Xiangwei

    ... The controversy surrounding PetroChina's initial public offering on the mainland has shown little sign of abating since its trading debut in November. It has sparked heated debates in the official media, internet chat rooms, and in Beijing. The public outcry over unfair pricing of PetroChina's A shares and its dismal share price performance also appears to have caught ...

    http://www.scmp.com/article/621983/petrochina-debacle-likely-prompt-big-regulatory-changes
  7. PetroChina plans 60b yuan bond issue to finance projects

    Posted Jun 12th 2008, 12:00am by Eric Ng

    ... Eric Ng PetroChina wants to raise up to 60 billion yuan (HK$67.8 billion) through its first corporate bond issue to meet mid to long-term capital requirements. Government controls ... in place for more than two years, the soaring price of oil and state fuel price controls, according to China Merchants Securities analyst Qiu Xiaofeng. 'PetroChina is under pressure to raise ...

    http://www.scmp.com/article/641205/petrochina-plans-60b-yuan-bond-issue-finance-projects
  8. PetroChina drops 8.4pc after income disappoints investors

    Posted Mar 21st 2008, 12:00am by Eric Ng

    ... Shares in PetroChina yesterday fell as much as 8.41 per cent, after the company posted a disappointing net profit on the back of surging operating costs and a higher tax burden. The nation's largest oil and gas producer ended 6.81 per cent lower at HK$9.17, a day after it announced net profit growth of 2.4 per cent, compared with market expectations of a 6.8 per cent increase. ...

    http://www.scmp.com/article/630685/petrochina-drops-84pc-after-income-disappoints-investors
  9. PetroChina buys CNPC stake as net falls 34.5pc

    Posted Aug 28th 2008, 12:00am by Eric Ng

    ... Eric Ng PetroChina said it would buy its parent company's 51.89 per cent stake in listed CNPC (Hong Kong) for HK$7.59 billion yesterday after posting a 34.5 per cent year-on-year drop ... the strength of PetroChina and CNPC in developing city-gas distribution business,' Mr Zhou said. The move could increase the competition with existing players such as Xinao Gas Holdings and China ...

    http://www.scmp.com/article/650520/petrochina-buys-cnpc-stake-net-falls-345pc
  10. PetroChina sees chance to acquire energy assets

    Posted Oct 22nd 2008, 12:00am by Eric Ng

    ... Eric Ng Weakened firms an opportunity, says chairman PetroChina, the country's largest oil and gas producer, is studying the feasibility of buying energy companies weakened ... opportunities for PetroChina to consolidate its resources,' chairman Jiang Jiemin was quoted by Bloomberg as saying at the sidelines of a shareholders meeting in Beijing yesterday. He did ...

    http://www.scmp.com/article/657220/petrochina-sees-chance-acquire-energy-assets

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