Beijing’s long-awaited amendments on regulating the cost of transporting natural gas through pipelines, unveiled in August, is just one part of the broader reforms that China’s state-dominated oil and gas industry needs to become globally competitive.
As its name suggests, PetroChina Company Ltd is the listed arm of state-owned China National Petroleum Corporation (CNPC). It is China's biggest oil producer, and is listed in Hong Kong, New York, and Shanghai.
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