January 30, 2015 7:56 AM ET

Oil, Gas and Consumable Fuels

Company Overview of PetroChina Co. Ltd.

Company Overview

PetroChina Company Limited produces and sells oil and gas in the People’s Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Exploration and Production segment is involved in the exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment is engaged in marketing refined products, as well as trading business. The Natural Gas and Pipeline segment is invo...

No. 9 Dongzhimen North Street

Dongcheng District

Beijing,  100007

China

Founded in 1988

544,083 Employees

Phone:

86 10 5998 5667

Fax:

86 10 6209 5667

Key Executives for PetroChina Co. Ltd.

Vice Chairman
Age: 52
Total Annual Compensation: $1.0M
Chairman of the Board
Age: 61
Total Annual Compensation: $1.2M
Chief Financial Officer
Age: 50
Chief Engineer
Age: 55
General Manager of Legal Department and Supervisor
Age: 56
Compensation as of Fiscal Year 2013.

PetroChina Co. Ltd. Key Developments

PetroChina Co. Ltd. Presents at UBS 15th Greater China Conference, Jan-12-2015

PetroChina Co. Ltd. Presents at UBS 15th Greater China Conference, Jan-12-2015 . Venue: Pudong Island Shangri-La, Shanghai, China.

Changfeng Energy Inc. Enters into Natural Gas Purchase and Sale Agreement with PetroChina Company Ltd. for Xiangdong Project

Changfeng Energy Inc. announced that, further to its press release dated November 23, 2011, the company has entered into a natural gas purchase and sale agreement with PetroChina Company Ltd. regarding the purchase and sale of piped natural gas in 2015 and thereafter for its Xiangdong Project to meet the natural gas quota approved by the Jiangxi Provincial Bureau of Energy in 2011. Under the terms of the agreement, PetroChina agreed to supply the qualified Quota Gas up to a volume of 50 million m3 to the company in 2015. Thereafter, Changfeng and PetroChina will negotiate the annual volume of natural gas to be purchased by the company from PetroChina in five year periods by the end of June in the year prior to each five year period. Under the terms of the agreement, the company is also required to commission contract with Jiangxi Provincial Natural Gas Investment Co. Ltd. the official natural gas terminal receiver appointed by the Government of Jiangxi Province, for the Carrier to transmit the purchased gas from PetroChina's Second West-East Pipeline to the company's gate station. The Carrier is responsible for the construction of the branch pipeline of approximately 15 kilometers connecting the WEP II and the Company's gate station in Xiangdong. After the construction of the Carrier's branch pipeline is completed, the agreement will allow the company to significantly reduce the quantities of relatively expensive CNG it has been required to purchase to supply its operations in Xiangdong.

PetroChina Co. Ltd. Presents at 13th Annual dbAccess China Conference, Jan-12-2015

PetroChina Co. Ltd. Presents at 13th Annual dbAccess China Conference, Jan-12-2015 . Venue: Grand Hyatt Hotel, Beijing, China.

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