• Fri
  • Dec 26, 2014
  • Updated: 1:46am

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.

Licence surge to open market for marine fuel

Cut-throat competition in the mainland's market for marine fuel is set to escalate, with Beijing poised to issue more licences to would-be operators this year.

Saturday, 9 July, 2011, 12:00am

Lack of Russia deal lifts PetroChina's shares

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.

18 Jun 2011 - 12:00am

Digital China mulls spin-off

Digital China Holdings has raised the prospect of spinning off one of its four business units after posting a record HK$1 billion net profit in its fiscal year to March.

16 Jun 2011 - 12:00am

Higher oil prices fuel PetroChina's profit rise

PetroChina, the mainland's largest oil and gas producer, posted a 13.9 per cent year-on-year rise in first-quarter net profit on the back of higher oil prices, but its oil refining and chemicals division recorded a loss.

28 Apr 2011 - 12:00am

Corporate governance takes back seat in musical chairs

How do you spell corporate governance? Some of the mainland's state-owned enterprises seem to be a bit slow to remedy a potential conflict of interest.

16 Apr 2011 - 12:00am

Sinopec plans to boost output

China Petroleum & Chemical Corp (Sinopec), Asia's largest crude oil refiner, unveiled a plan to increase this year's spending to enhance production capacity by 9.2 per cent, after posting an annual profit in line with expectation.

28 Mar 2011 - 12:00am

PetroChina to lift gas output over 5 years

PetroChina, the largest oil and gas producer, aims to raise gas output by an average rate of 10.6 per cent annually in the next five years, despite facing technical challenges in developing what it describes as China's largest gas discovery in decades.

18 Mar 2011 - 12:00am

Sinopec rapped over online drive to get backing for higher fuel prices

China Petrochemical Corp (Sinopec) has come under fire for trying to manipulate online opinion in favour of fuel price increases amid rising world oil prices.

15 Feb 2011 - 12:00am

Chinese equities will stand out, Mobius says

China equities will continue to outperform those in developed markets this year despite increasing inflationary pressures and interest rate rises, according to emerging market guru Mark Mobius, executive chairman of Templeton Asset Management.

12 Jan 2011 - 12:00am

Argentine ship seized over fuel bills

Chimbusco Pan Nation Petro-Chemical, an offshoot of PetroChina, has had a 64,200 deadweight tonne cargo ship arrested in Hong Kong. Owned by Maruba, Argentina's largest privately owned shipping company, the panamax ship Decurion was held over unpaid fuel bills running into millions of US dollars.

31 Aug 2010 - 12:00am

Price controls keep Sinopec's first-half earnings in check

China Petroleum and Chemical Corp (Sinopec), Asia's largest oil refiner, reported a small rise in first-half profit on the back of higher oil and gas prices and sales volumes, although the benefits were largely offset by the government's price controls on refined fuel.

23 Aug 2010 - 12:00am

Oil demand predicted to slacken in second half on the mainland

Demand for oil on the mainland may only rise by 4 per cent during the second half of the year compared to a year ago, a senior researcher with PetroChina says. That would be 10 percentage points less than the 14 per cent growth recorded in the first half.

7 Aug 2010 - 12:00am

Brightoil sets sights on US, Europe

Brightoil Petroleum, Shenzhen's largest fuel supplier to ocean-going vessels, is poised to enter markets in Europe and the United States after posting a 155 per cent jump in first-half profit.

3 Mar 2010 - 12:00am

Daqing still a model, for now

For PetroChina, Asia's largest oil and gas producer and one of the region's most profitable companies, the old Cultural Revolution slogan 'Learn from Daqing ' would arguably read better as 'Earn from Daqing'.

As the nation's largest oilfield and one of the longest-producing major fields in the world, Daqing is PetroChina's crown jewel.

1 Oct 2009 - 12:00am

Oil refiners mixed after Beijing boost fuel prices

Shares in the mainland's two leading oil refiners were mixed yesterday after Beijing said it would raise fuel prices by less than was needed to make up for last month's higher crude costs.

Analysts said if the oil price remained at about US$70 a barrel for the next two months, another price rise would be needed for refiners to avert losses next month.

3 Sep 2009 - 12:00am