• Wed
  • Apr 16, 2014
  • Updated: 3:56pm


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.

PetroChina sets spending limit for next few years to improve efficiency

PetroChina will limit its spending for production capacity expansion in the next few years to 296.5 billion yuan (HK$370 billion), after cutting it last year for the first time since its listing in 1999.

Friday, 21 March, 2014, 5:23am

PetroChina to explore new areas in Xinjiang oilfields

PetroChina, the nation's largest oil and gas producer, will open areas in three oilfields in Xinjiang for exploration with local and foreign companies.

12 Mar 2014 - 6:03pm

PetroChina, Sinopec to seek private capital

PetroChina and Sinopec, the mainland's duopoly onshore oil and gas giants, will pursue capital investment from the private sector, the state-backed firms' chiefs said yesterday.

Their gas-related businesses will be a key area for co-operation, they said.

6 Mar 2014 - 12:33am

PetroChina, Sinopec expected to cut back on capital spending

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.

Contributing factors are flat oil prices, rising debt, slowing growth in demand and excess capacity in oil refining and chemicals.

20 Feb 2014 - 12:18am

CNPC's major gas find may be more hot air

While a major gas discovery announced by PetroChina last week triggered a spike in its share price, analysts said any such news should be taken with a pinch of salt given the firm's tarnished track record in bringing previously announced major discoveries to production.

17 Feb 2014 - 5:30am

China's oil refining party at an end as capacity is cut

Mainland refiners, like many before them, now realise that parties don't last forever and eventually everyone has to sober up. The decision by state-controlled giant PetroChina to put off two new refineries and delay expansion of another is the latest, most dramatic signal that the mainland's refined fuels capacity has expanded too fast.

4 Feb 2014 - 5:44am

SEC warns it may act against PetroChina over Iran dealings

The US Securities and Exchange Commission (SEC) has warned it might take action against PetroChina after the energy giant admitted for the first time to doing business with its state-owned parent that involved countries under US sanctions, including Iran and Sudan.

18 Jan 2014 - 12:45am 3 comments

Graft probe claims another 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 at the state-controlled oil and gas giant.

18 Dec 2013 - 6:33am

Green Dragon in talks with Chinese state-backed firms over fruits of disputed drilling

Green Dragon Gas, an explorer for natural gas trapped between coal seams, is trying to resolve a disagreement with state-backed partner CNOOC and its China United Coal Bed Methane (CUCBM) unit on the sharing of reserves and output from drilling done allegedly without its consent.

28 Nov 2013 - 4:04am

China's expertise secures lead role in Iraqi oilfields

From the giant southern oilfields to the lively souks of Basra, China is drilling ever deeper into Iraq.

1 Nov 2013 - 3:23am 1 comment