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PetroChina is one of the major oil and gas producers and distributors in China


PetroChina is one of the major oil and gas producers and distributors in China, as well as a significant player in the global oil and gas industry. PetroChina is engaged in a wide range of activities related to oil, gas, and sustainably providing energy and oil products for economic and social development. PetroChina is a major oil and gas producer in China, with more than 3 billion barrels of oil and more than 600 billion cubic meters of natural gas. PetroChina is also the largest oilfield service company in China, operating in more than 30 oil fields across the country.

Headquartered in Beijing, the company is engaged in a wide range of activities related to oil, gas, and sustainable development. PetroChina has been listed on the Shanghai and Hong Kong stock exchanges since 2005. The company's revenue in 2016 reached $22.1 billion and its net profit was $3.3 billion.

For more than a decade, PetroChina has been dedicated to the development of the natural gas industry in China and the global market. In 2018, PetroChina has planned to spend US$1.5 billion to build a new refinery in Shanghai. With the new refinery, PetroChina will supply a total of 7.5 million tons of gasoline, diesel and liquefied petroleum gas (LPG) a year and this will increase the refinery's production to 10 million tons of LPG a year.

 

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