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  1. PetroChina invests in Qatar natural gas project

    Posted Jul 27th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com PetroChina has agreed to acquire a 40 per cent interest in an oil and gas exploration project in Qatar, the latest in a string of overseas investment deals by Chinese state-backed oil and gas companies. PetroChina, the nation's largest oil and gas producer, has signed an agreement to buy from French energy company GDF Suez 40 per cent ...

  2. PetroChina to raise gas output by 66pc

    Posted Aug 26th 2011, 12:00am

    ... PetroChina plans to double its gas pipeline network and raise gas output by two-thirds in the next five years. The strategy comes despite an analyst's warning that it may rack up 13 ... on its oil refining operation. Beijing was reluctant to lift retail prices out of fears it would stoke already high inflation. That dragged down PetroChina's first-half profits despite ...

  3. PetroChina quits deal for Canada gas firm stake

    Posted Jun 23rd 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com PetroChina has walked away from a C$5.4 billion (HK$43 billion) stake acquisition in a natural gas project in Canada after it failed to reach agreement ... and transaction process', said its Beijing-based spokesman. 'But this has not affected PetroChina's overseas development plan and business strategy in North America.' In mid-February, ...

  4. PetroChina chief tipped for role as Yunnan governor

    Posted Apr 10th 2011, 12:00am

    ... Cary Huang in Beijing A top state oil executive is tipped to become governor of the southwestern province of Yunnan as political jockeying continues in the run-up to next year's expected leadership transition in Beijing. Jiang Jiemin, chairman of PetroChina and general manager of China National Petroleum Corporation (CNPC), is expected to be appointed deputy party chief ...

  5. 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 ...

  6. PetroChina takes on Risk Operation

    Posted Aug 24th 2007, 12:00am by Charlotte So

    ... PetroChina is acquiring an oil and gas exploration business from its parent, China National Petroleum Corp, for 1.65 billion yuan. The Xinjiang-based Risk Operation Service Business ... reported in 2005, PetroChina said in a filing with the Hong Kong stock exchange last night. ...

  7. PetroChina posts record operating profit on fuel price reform

    Posted Jul 16th 2009, 12:00am by Eric Ng

    ... Eric Ng PetroChina's refining operation has swung to a record operating profit in the first half from a record loss a year earlier as the plunge in crude oil prices allowed Beijing ... estimated PetroChina's first-half refining operating profit would reach eight billion yuan (HK$9.08 billion), compared with a loss of 59 billion yuan a year earlier. This despite expected lower ...

  8. Big investors cash in billions on PetroChina A-share debut

    Posted Nov 08th 2007, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Corporate and institutional investors including China Life Insurance dumped millions of PetroChina A shares on the stock's first trading day, netting multibillion-yuan gains, while a rush of retail investors got stuck due to irrational follow-up buying, according to a mainland media report. China Life, the mainland's largest insurer, sold PetroChina ...

  9. PetroChina profit to take hit from refining losses

    Posted Mar 24th 2009, 12:00am by Eric Ng

    ... Eric Ng PetroChina is expected to unveil tomorrow a 13.7 per cent decline in net profit for last year, as gains in oil production due to higher prices were more than offset by greater ... inventories as prices plunged, analysts said. PetroChina is forecast to record a net profit of 125.65 billion yuan (HK$142.89 billion) for last year, down 13.7 per cent from 145.62 billion yuan ...

  10. PetroChina to manage Daqing Petroleum

    Posted Jun 26th 2007, 12:00am by Eric Ng

    ... PetroChina will take over the management of parent company China National Petroleum's refining and petrochemical assets in Daqing, Heilongjiang province, which may lead to their injection into the listed company. The management of Daqing Petroleum and Chemical will be transferred to PetroChina from July 1. No figures have been disclosed except that Daqing Petroleum has 6.5 ...




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