PetroChina

PetroChina keeps downstream gas offers stable despite war risks

China is well-positioned to weather the ongoing war-related gas disruptions thanks to higher-than-usual inventories

Chinese state oil firms stopped buying Russian oil after Washington imposed sanctions on Moscow’s biggest oil companies, including Rosneft.

China oil majors resume seeking Russian oil after 4-month halt: sources

This is to head off supply shortages caused by the war in the Middle East

Methanol is considered a cleaner alternative to petroleum-based marine fuels.

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.