Capital Expenditure | South China Morning Post
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  • Jan 25, 2015
  • Updated: 9:14pm

Capital Expenditure

PetroChina, Sinopec expected to cut back on capital spending

Oil refining giants PetroChina and Sinopec are expected to become less capital-intensive, less acquisitive and more cost-conscious. Photo: AP

PetroChina, which leads the world's companies in capital expenditure, and fellow oil and gas producer China Petroleum & Chemical (Sinopec) are expected to trim spending in the next few years.

Thursday, 20 February, 2014, 12:18am