he coastal areas, along major railways and along the Yangtze River; and 20,422 service stations, consisting of 19,806 service stations owned and operated by the company and 616 franchised service stations owned and operated by third parties. The PRC government and other institutional customers, including railway, transportation and fishery operators, are long-term purchasers of the gasoline and diesel that the company produces. Wholesale Marketing: The company sells refined products both directly and through independent distributors into various wholesale markets, as well as to utility, commercial, petrochemical, aviation, agricultural, fishery and transportation companies in China. The company’s gasoline and diesel sales also include the amount the company transferred to its retail operations. Natural Gas and Pipeline segment The company is a natural gas transporter and seller in China. It sells natural gas primarily to industrial companies, power plants, fertilizer and chemical companies, commercial users and municipal utilities owned by local governments. In addition, the company also transmits crude oil and refined products in the natural gas and pipeline segment. Markets for Natural Gas: In 2014, in addition to satisfying the demand of the northwestern, southern, central and northeastern regions of China, the company sold its natural gas mainly to the northern, eastern and southeastern regions of the PRC. The company supplies natural gas to Sichuan Province and Chongqing Municipality from its exploration and production operations in the Sichuan oil and gas region. Beijing Municipality, Tianjin Municipality, Hebei Province and Shandong Province in northern China are important markets for its natural gas transmission and marketing business. The company supplies natural gas to these areas primarily from the Changqing oil region through the Shaanxi to Beijing natural gas pipeline. Shanghai Municipality, Jiangsu Province, Zhejiang Province and Anhui Province located in Yangtze River Delta of eastern China, and Henan Province and Hubei Province located in the central China are the company’s significant natural gas markets. Natural Gas Transmission Infrastructure As of December 31, 2014, the company owned and operated approximately 48,602 kilometers of natural gas pipelines in China. The company’s natural gas pipelines represent the majority of China’s onshore natural gas pipelines. Its existing natural gas pipelines form a national trunk network for natural gas supply and the regional natural gas supply networks in northwestern, southwestern, northern and central China as well as the Yangtze River Delta. Crude Oil Transportation and Storage Infrastructure: The company has a network for the transportation, storage and distribution of crude oil, which covers various regions of China. As of December 31, 2014, the crude oil transportation and storage infrastructure operated by the company consisted of: 18,107 kilometers of crude oil pipelines; and crude oil storage facilities with an aggregate storage capacity of approximately 30.4 million cubic meters. Refined Product Transportation and Storage Infrastructure As of December 31, 2014, the refined product transportation and storage infrastructure operated by the company consisted of: 10,086 kilometers of refined product pipelines; and refined product storage facilities with a total storage capacity of approximately 35.5 million cubic meters. Intellectual Property The company has received 121 International Trademark Registration Certificates for its logo covering approximately 50 jurisdictions. As of December 31, 2014, the company owned approximately 8,859 patents in China and other jurisdictions. The company was granted 1,480 patents in China in 2014. Competition The company’s principal competitors in China are China Petroleum and Chemical Corporation, or Sinopec, and CNOOC. History PetroChina Company Limited was founded in 1988.
petrochina co ltd -adr (PTR:New York)
No. 9 Dongzhimen North Street
Phone: 86 10 5998 6270
Fax: 86 10 6209 9557www.petrochina.com.cn
|China Petroleum & Chemical Corp||CNY4.34 CNY||+0.01|
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