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PetroChina slips after warning profit may decline by up to 70%

It sees oil market continuing to be weak this year, seeks to cut costs

Hong Kong

PETROCHINA CO, the country's biggest oil and gas producer, fell in Hong Kong after saying 2015 profit may have fallen 60 per cent to 70 per cent from a year earlier because of the slump in energy prices.

The stock closed down 3 per cent at HK$4.61, after earlier falling