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Market Wire (Free subscription) | 10/01/2009
SUGAR LAND, TX (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- PetroChina International Investment Company Limited, a wholly owned subsidiary of PetroChina Company Limited (NYSE: PTR) (Beijing) has entered into a series of agreements with Athabasca Oil Sands Corporation (AOSC) (Calgary, Alberta) in which PetroChina will acquire a 60% working interest in AOSC's MacKay River...
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SeekingAlpha Energy Stocks (Free subscription) | 09/06/2009
PetroChina Company Limited (NYSE: PTR ) topped the Financial Times Global 500 as of the end of the second quarter with a market capitalization of USD367 billion. The Chinese state-owned enterprise (SOE) first passed ExxonMobil (NYSE: XOM ) on May 22, 2009. Its rise coincides with the emergence of China’s economy, which overtook Germany in January to become the world’s third-largest. China...
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People Daily (Free subscription) | 06/22/2009
PetroChina Company Limited announced on June 21,2009 that it had completed purchase of 45.51 percent shares of refiner Singapore Petroleum and would make a buyout offer for the rest of its shares. PetroChina would offer 6.25 Singapore dollars per share in cash. The deal would cost 1.47 billion Singapore dollars (1.02 billion U.S. dollars) in total, according to the statement. PetroChina, the listed...
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People Daily (Free subscription) | 05/25/2009
PetroChina Company Limited announced Sunday that the company has entered into a conditional agreement through its Singapore subsidiary to acquire 45.51 percent of the total issued share capital of Singapore Petroleum Company Limited (SPC). The deal was for cash consideration of 6.25 Singapore dollars per share, or 1.47 billion Singapore dollars (1.02 billion U.S. dollars) in total. The agreement was...
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People Daily (Free subscription) | 05/13/2009
PetroChina and PDVSA, the national oil company of Venezuela, have established a joint venture on oil exploration and development, said Jiang Jiemin, Chairman of PetroChina Company Limited here Tuesday. PetroChina held 40 percent of the new company's shares, Jiang told Xinhua at the annual shareholders meeting. According to Jiang, a joint venture transporting oil and two joint refineries would also...
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People Daily (Free subscription) | 05/12/2009
Jiang Jiemin, Chairman of PetroChina Company Limited, said Tuesday that PetroChina plans to raise 100 billion yuan (14.71 billion U.S. dollars) through debt financing in 2009 to support major strategic projects including oil exploration and development, oil refining and overseas business. The financing plan is waiting for permission of the annual shareholders meeting held on Tuesday. &$ &$Source:...
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People Daily (Free subscription) | 04/28/2009
PetroChina Company Limited reported Monday that its net profit in the first quarter slid 35.3percent year on year, pulled down by the low price of crude oil and less demand. Net profit totaled 18.956 billion yuan (2.78 billion U.S. dollars) as calculated by international accounting rules. Earnings per share in the first quarter fell by 0.06 yuan per share to 0.1 yuan, the company said in a statement...
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Business Wire (Free subscription) | 04/12/2009
Global Market Direct's is an essential source for company data and information. The report examines PetroChina Company Limited's key business structure and operations, history and products, and provides detailed analysis of its key revenue lines and strategy. It provides a unique insight into the company's major pipelines
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