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  • August 21, 2014
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Results 1 - 10 of 48 for petrochina

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  1. Business - Commodities - ENERGY

    PetroChina ready to sell more of its pipeline assets

    Posted May 13th 2014, 01:13am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com PetroChina ready to sell more of its pipeline assets Oil and gas giant PetroChina unveiled a plan to sell its entire stake in some sections of its west-to-east natural gas pipelines, worth some 39 billion yuan (HK$49 billion), in the second pipeline assets disposal in a year. PetroChina is increasingly willing to sell down midstream assets NEIL ...

  2. Business - China Business - ENERGY

    Graft probe claims another Kunlun chairman

    Posted Dec 17th 2013, 06:13pm by Eric Ng

    ... Kunlun chairman PetroChina's natural gas distribution subsidiary Kunlun Energy has lost its second chairman in less than four months, amid wider anti-corruption probes into senior managers ... a source at CNPC. PetroChina yesterday also said Wen has resigned from his position as a supervisor due to "personal matters". CNPC is the parent of PetroChina, which controls Kunlun. ...

  3. Business - Commodities - ENERGY

    PetroChina eyes US$10b stake in Russian gas fields

    Posted Sep 11th 2013, 12:00am by Bloomberg

    ... Bloomberg in Moscow PetroChina eyes US$10b stake in Russian gas fields PetroChina is seeking to invest in Russian gas fields as part of efforts by China and Russia to conclude gas-supply ... the energy needs of Asia's biggest economy. A US$10 billion acquisition would be PetroChina's biggest-ever purchase abroad. Gas-supply talks between Russia and China started in 2004 ...

  4. Business - Companies - ENERGY

    PetroChina seeks non-state allies for joint ventures

    Posted Aug 22nd 2013, 05:11pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Oil and gas giant looks to co-investments with private enterprises and foreign firms after its joint-venture experience with asset managers PetroChina seeks non-state allies PetroChina, the country's largest oil and gas producer, will seek further co-investments in projects with private enterprises and foreign firms after forming a joint venture ...

  5. Business - Commodities - ENERGY

    CNPC plans 630b yuan pipeline boost

    Posted Sep 06th 2013, 12:00am by Eric Ng

    ... Administration Bureau, which ran the country's largest oilfield before the stock market listing of CNPC's main unit PetroChina. PetroChina now runs the field, as well as the first two ... was finished late last year. PetroChina began building the 30 bcm, 120 billion yuan third line late last year from Xinjiang to Guangdong and Fujian; it is scheduled to be completed by 2015. ...

  6. Business - Commodities - ENERGY

    PetroChina to gain from higher Beijing gas tariffs

    Posted Jul 02nd 2013, 12:00am by Eric Ng

    ... PetroChina, the nation's biggest natural gas supplier, will be the main beneficiary of Beijing's decision to raise non-residential gas prices nationwide by an average 15 per cent ... to much steeper increases. "This is significantly positive for all gas producers, most of all PetroChina," said CLSA head of Asia oil and gas research Simon Powell. PetroChina ...

  7. Business - Commodities - ENERGY

    China gas distributors profitable as price controls slam PetroChina

    Posted Jun 27th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Distributors and downstream firms like ENN rake in profits while upstream PetroChina suffers losses on long-term import contracts A tale of two industries ... of consumption, up from 25 per cent last year, according to the NDRC. State-backed PetroChina, which produces some 70 per cent of the nation's natural gas, racked up losses of 41.9 billion yuan ...

  8. Business - Commodities - ENERGY

    Mainland China oil majors expected to unveil mediocre profits

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... to a moderate decline for the first half of this year, as robust growth was offset by higher costs. Analysts expect better second-half results for PetroChina and China Petroleum & Chemical Corp ... in mainland China in the third quarter," Beveridge said. PetroChina, the mainland's largest oil and gas producer, may post a 1.8 per cent rise in first-half net profit to 66.7 billion yuan ...

  9. Business - Commodities - ENERGY

    Mainland gas needs price rise, analysts say

    Posted Jan 16th 2013, 12:00am by Eric Ng

    ... pricing system. State-backed PetroChina, which has suffered tens of billions of yuan of annual losses importing gas at international prices and selling at lower prices set by Beijing, ... battered the financial capacity of and incentive for PetroChina, the nation's biggest gas producer and importer, to develop domestic resources and import more to meet rising demand. "The ...

  10. Business - Commodities - ENERGY

    Beijing raises natural gas prices by 16pc

    Posted Aug 12th 2014, 04:59pm by Eric Ng

    ... will benefit state-backed oil and gas giant PetroChina the most, since it is the biggest producer and importer of natural gas. Its share price gained 2.3 per cent today, closing at HK$10.8, after ... allowed, and the actual hikes will depend on the negotiation results between PetroChina and the local governments, some of which may resist the full hike to protect consumers. Powell estimated ...




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