The Business Times

PetroChina

Energy & Commodities

PetroChina profits fall on weaker oil and economic slowdown

PetroChina earlier this month shut a 90,000 bpd crude distillation unit indefinitely at Dalian, sources said, one of the country’s oldest refineries, with history dating to 1933.
Energy & Commodities

PetroChina set to shut top north China refinery in 2025: sources

Beijing has pushed its state-owned oil giants to invest heavily in production to help the nation meet energy security goals.
Energy & Commodities

PetroChina’s strong drilling leads to record first half

Increased profits from PetroChina’s drilling and natural gas segments were more than enough to offset declines in refining and marketing.
Companies & Markets

PetroChina profit rises as economic recovery remains uneven

PetroChina’s net profit amounted to 161.1 billion yuan (S$30.1 billion) in 2023, versus 148.7 billion in 2022, while revenue fell 7.0 per cent to 3,239 billion yuan.
Energy & Commodities

PetroChina’s 2023 net income up 8.3% on strong fuel, gas sales

China officially resumed imports from the South American producer in February, the first time since 2019.
Energy & Commodities

PetroChina set to take Venezuelan oil after US sanctions eased

PetroChina has offered yuan payment for about 265,000 barrels per day (bpd) of Venezuelan crude through its joint ventures with PDVSA.
Energy & Commodities

PetroChina aims to resume Venezuelan oil imports after 4-year pause

PetroChina's net profit reaches 46.38 billion yuan (S$8.7 billion).
Energy & Commodities

PetroChina’s Q3 net profit up 21% on higher output, fuel sales

Electric vehicle chargers at a BYD Co. factory in Chongqing, China, on Tuesday, Sept. 5, 2023. Led by BYD, Chinese carmakers will almost double their share of the auto market to 33% by the end of the decade, UBS analysts including Patrick Hummel and Paul Gong wrote in an Aug. 31 report. Photographer: Qilai Shen/Bloomberg
Transport & Logistics

PetroChina buys EV charging firm Potevio New Energy

Throughout this month, Dubai crude has fluctuated heavily, largely due to aggressive bidding and offering from the trading units of Chinese oil refiners, PetroChina and Sinopec.
Companies & Markets

China’s top traders set oil spinning in Middle East play

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