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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. Rebate to cut PetroChina import loss by HK$2.4b

    Posted Aug 24th 2011, 12:00am

    ... The Ministry of Finance will rebate natural gas importers the 13 per cent value-added tax they are paying to help cut their losses due to high import prices and low domestic prices. The policy, effective between the start of this year and the end of 2020 and spelt out in a circular made public yesterday, is expected to cut PetroChina's import loss this year by 2 billion yuan ...

  4. Second blaze at PetroChina plant

    Posted Aug 30th 2011, 12:00am

    ... Choi Chi-yuk chiyuk.choi@scmp.com A fire broke out yesterday morning at a PetroChina refinery in Dalian, Liaoning, as it was about to resume full operation following a blaze last month, state media reported. Flames and plumes of dark smoke could be seen from several kilometres away, some bloggers who posted photos of the blaze said. Others who were about a kilometre from ...

  5. 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 ...

  6. PetroChina to raise 150b yuan by tapping equity and bond markets

    Posted May 07th 2009, 12:00am by Eric Ng

    ... Eric Ng PetroChina, the nation's largest oil and gas producer, may raise 150 billion yuan (HK$170.42 billion) this year to finance its operations and production capacity expansion ... issuance at this moment,' he said. PetroChina's free cash flow last year turned to a deficit of 44.91 billion yuan from a positive 31.98 billion yuan in 2007, because of record oil ...

  7. 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. ...

  8. 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 ...

  9. PetroChina taps Chevron for Sichuan gas field development

    Posted Aug 08th 2007, 12:00am by Eric Ng

    ... PetroChina, the nation's largest oil and gas producer, will partner United States-based energy major Chevron Corp to develop high-sulphur gas fields in northeastern Sichuan province, a project that has proved difficult and accident-prone in the past. A source close to the companies said a production-sharing contract had been signed, under which PetroChina and Chevron will share ...

  10. Buffett offloads more of PetroChina

    Posted Oct 09th 2007, 12:00am by Eric Ng

    ... Eric Ng Warren Buffett's listed flagship Berkshire Hathaway sold 217.13 million PetroChina shares in the six trading days to September 21, cutting its stake to 0.82 per cent from 0.94 per cent, stock exchange filings show. The disclosure was the fifth that Berkshire made in the past three months, during which it shaved its PetroChina stake by 36.4 per cent from its peak ...




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