Authorities have punished a unit of China’s state-owned PetroChina for irregular crude trading. Photo: Reuters
China’s state-owned oil giant PetroChina ‘cooperating’ with investigation into unit punished for ‘irregular trading’
- PetroChina unit ‘has always been actively cooperating with the investigation’, according to a filing to Hong Kong stock exchange
- Its subsidiary, PetroChina Fuel Oil, was involved in irregular reselling of crude totalling 179.5 million tonnes to 115 local refineries
Authorities have punished a unit of China’s state-owned PetroChina for irregular crude trading. Photo: Reuters
