• Sat
  • Sep 20, 2014
  • Updated: 8:52pm

PetroChina

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 seeks non-state allies for joint ventures

PetroChina, the country's largest oil and gas producer, will seek further co-investments in projects with private enterprises and foreign firms after forming a joint venture with two fund management firms in June.

Friday, 23 August, 2013, 5:34am

PetroChina to join Exxon on giant Iraq oilfield

China's biggest energy firm PetroChina will join ExxonMobil in developing Iraq's giant West Qurna oilfield and is in talks with Lukoil

3 Sep 2013 - 1:03pm

PetroChina shares soar on natural gas price hike

Shares of China’s dominant oil and gas producer PetroChina soared on Tuesday after Beijing announced that it would raise natural gas prices for industrial and commercial users by 15 per cent as part of efforts to boost gas consumption.

2 Jul 2013 - 11:01am

PetroChina to gain from higher Beijing gas tariffs

PetroChina, the nation's biggest natural gas supplier, will be the main beneficiary of Beijing's decision to raise non-residential gas prices nationwide by an average 15 per cent from July 10.

2 Jul 2013 - 2:51am

China gas distributors profitable as price controls slam PetroChina

The mainland's natural gas sector is a tale of two industries: a downstream distribution business where operators are enjoying record profits thanks to rising gas demand and stable margins and an upstream supply trade whose profit has been seriously eroded by losses on contracts for long-term imports.

27 Jun 2013 - 4:47am

PetroChina in talks to sell minority stakes in projects

PetroChina recently adopted a strategy to "lighten" its asset investment burden by selectively opening up its oil and gas exploration and development projects, refineries, petrochemical plants and oil and gas pipelines to investment by domestic and overseas partners.

31 May 2013 - 3:49am

Sino Oil spends US$30m on wells and pipelines

Sino Oil and Gas, a partner of PetroChina in a project to extract natural gas trapped inside coal seams in Shanxi province, plans to spend US$30 million this year on well drilling, pipeline construction and the expansion of a gas processing plant.

31 May 2013 - 4:10am 1 comment

PetroChina to buy more gas overseas despite losses

PetroChina, the nation's largest oil and gas producer, will continue to boost natural gas imports even though mounting losses have substantially weakened its cash flow and increased its debt burden.

24 May 2013 - 3:47am

PetroChina's Kunlun invests billions as cars are converted to gas

Kunlun Energy, PetroChina's gas distribution and infrastructure unit, plans to invest HK$22 billion this year building gas pipelines and liquefied natural gas (LNG) processing plants, as more petrol- and diesel-powered vehicles are converted to run on natural gas.

21 May 2013 - 4:53am

Refining fuels rise in Sinopec earnings

PetroChina, the nation's largest oil and gas producer, and rival China Petroleum & Chemical (Sinopec) posted divergent first-quarter results, as better state pricing on refined fuel and weaker crude oil prices delivered net benefits to more refining- exposed Sinopec.

26 Apr 2013 - 4:43am