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
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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 as much as 4.2 per cent. The city's benchmark Hang Seng Index lost 0.5 per cent.
