PetroChina

Three companies picked to supply methanol at Singapore port in drive to be sustainable bunkering hub

Global Energy Trading, Golden Island and PetroChina issued licences to supply methanol as marine fuel

China has long sought to reduce the risk that comes with being both the world’s top consumer and its largest importer of energy.

China’s US$470 billion oil and gas splurge is just the start

The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon

PetroChina has answered Beijing’s call to increase domestic production on concerns of energy security.

PetroChina profits fall on weaker oil and economic slowdown

Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property sector and a shift towards electric transportation

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.

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

PETROCHINA is set to shut its largest refinery in north China’s Dalian around mid-2025, marking the first major closure at a state-run oil plant, part of a long-mooted project to replace it with a sma...

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

PetroChina’s strong drilling leads to record first half

PETROCHINA posted record earnings for the first half of the year as high drilling output and strong oil prices helped it weather weakening fuel demand in China.

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

PetroChina profit rises as economic recovery remains uneven

Net income was 45.7 billion yuan (S$8.58 billion) in the first three months of 2024 compared with 43.6 billion yuan in the same period last year

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.

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

PETROCHINA’S net profit rose 8.3 per cent last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realised oil prices.

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

PetroChina set to take Venezuelan oil after US sanctions eased

PETROCHINA is set to receive a cargo of Venezuelan oil, which will be used at its mega refinery in Guangdong, after the United States rolled back sanctions on the Opec producer late last year.

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

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

CHINA’S PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA, according to four people familiar with the matter, hoping to resume a trade...

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

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

ASIA’S largest oil and gas producer PetroChina reported 21 per cent year-on-year growth in third-quarter net profit that hit a record high, as increased production and improving domestic fuel demand o...