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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A survey of more than 30 brokerages by Thomson Reuters gave an average prediction for PetroChina, the nation's largest oil and gas producer, which is due to report on Thursday, of a 6 per cent decline in net profit to 125 billion yuan (HK$156 billion).18 Mar 2013 - 2:17am
PetroChina, the mainland's biggest oil and gas producer, is looking to make more deals in Australia, adding to about US$3.7 billion in acquisitions as part of a global drive to feed surging Chinese demand.12 Mar 2013 - 4:44am
PetroChina has agreed to invest in two natural gas exploration projects in Western Australia in partnership with the US oil major ConocoPhillips, with the two companies also joining hands to explore for shale rock gas in south-west China.22 Feb 2013 - 5:27am
The mainland's state-backed oil refining majors will have a tough time meeting Beijing's deadlines to upgrade refining facilities and improve fuel quality unless the government gives them financial support, analysts say.8 Feb 2013 - 3:53am
The biggest event in the mainland's natural gas sector this year is expected to be a long-awaited nationwide price increase and further reforms of an antiquated pricing system.16 Jan 2013 - 3:41am
Record unemployment and fraying social welfare systems in southern Europe risk creating a new divide, the European Union warned yesterday as figures showed joblessness across the 17 countries that use the euro hit 11.8 per cent in November, the highest since the currency was founded in 1999. It rose from 11.7 per cent in October and 10.6 per cent a year earlier.9 Jan 2013 - 4:08am
Baoshan Iron & Steel and its parent Baosteel Group have agreed to invest a total of 10 billion yuan (HK$12.3 billion) to take a minority stake in PetroChina's third west-to-east natural gas pipeline construction.21 Dec 2012 - 3:46am
PetroChina has agreed to pay Encana C$1.18 billion (HK$9.3 billion) for a 49.9 per cent stake in an Alberta, Canada, shale formation as Asia's biggest oil producer steps up acquisitions of overseas energy assets.
PetroChina would also pay C$1 billion over four years to fund development of the project, Encana said yesterday.15 Dec 2012 - 3:12am
PetroChina agreed to pay Encana C$1.18 billion (US$1.2 billion) for a 49.9 per cent stake in an Alberta shale formation as Asia’s biggest oil producer steps up acquisitions of overseas oil and gas assets.3 Sep 2013 - 1:00pm
PetroChina, Asia’s biggest oil producer, agreed to pay BHP Billiton US$1.63 billion for its holding in Woodside Petroleum’s proposed Browse liquefied natural gas project in Western Australia.
PetroChina will acquire an 8.33 per cent stake in the East Browse joint venture and a 20 per cent share of West Browse, BHP said on Wednesday in a statement.3 Sep 2013 - 12:59pm
Beijing is throwing its financial muscle behind the listing of the People's Insurance Company (Group) of China (PICC), which has received record buy orders for shares from state-controlled firms.29 Nov 2012 - 4:49am
CSRC loosens capital rules for brokerages20 Nov 2012 - 3:51am
Beijing yesterday cut petrol and diesel prices for the first time since July, threatening to reduce processing margins for refiners in the world's second-biggest oil-consuming nation.
The maximum at which petrol can be sold to motorists falls by 310 yuan (HK$385) a tonne and diesel by 300 yuan, the National Development and Reform Commission said on its website.17 Nov 2012 - 4:13am
PetroChina is losing the support of analysts who say earnings growth at Asia's biggest oil producer is stunted by its unprofitable natural gas imports.14 Nov 2012 - 4:57am