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PetroChina to take on global rivals in major expansion drive

Its oil and gas trading arm aims to have a foothold in emerging markets and grow market share locally

Published Tue, Dec 19, 2017 · 09:50 PM
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Beijing

PETROCHINA'S oil and gas trading arm aims to buy petrol stations and fuel storage facilities, setting up business in West Africa, Brazil and Pakistan in a major global expansion aimed at taking on international rivals, according to three senior oil industry executives briefed on the plans.

The ambitious drive at one of the world's top oil merchants is taking shape eight months after Tian Jinghui, a vice-president at …

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