PetroChina is set to close the last remaining crude unit at its biggest north China refinery at the end of this month, broadly in line with an earlier plan that marks the country's first full closure of a state-run plant, four industry sources said.
PetroChina , , Asia's largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower oil prices.
State oil giant PetroChina plans to begin trading metals used in the energy transition, according to the new team head, joining the global energy majors that are diversifying their portfolios into the commodities.
PetroChina International, the trading arm of the Chinese oil major , has appointed former senior crude oil trading executive Sun Jinhua as head of its Singapore operations, several trade sources said this week.
BEIJING, CHINA / ACCESSWIRE / October 29, 2024 / PetroChina Company Limited ["PetroChina" or the "Company", (HKSE:00857)(SSE:601857)] announced its operating results for the first three quarters of 2024. The Company deepened its analysis of the macro-environment and proactively responded to market changes.
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 smaller facility at a new site, sources said.
PetroChina will no longer be a committed shipper on Canada's Trans Mountain oil pipeline after assigning its contracts to another party, the company said in a letter filed with the Canada Energy Regulator, dated Oct. 10.