PetroChina's share price bucked the market gloom yesterday, going up by as much as 5 per cent on speculation it would benefit from Beijing and Moscow's failure to reach a long-term gas supply agreement this week.
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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