The Challenges Facing China's Oil Behemoth Abroad

"PetroDragon" expert Xu Xiaojie talks about the overseas opportunities and hurdlesincluding those in Sudanfacing China National Petroleum
Beijing's caps on gasoline prices are squeezing PetroChina's profits FREDERIC J. BROWN/AFP/Getty Images

State-owned China National Petroleum Corp. (CNPC) is the parent company of PetroChina (PTR), the Hong Kong and Shanghai-listed oil and gas behemoth. As CNPC's listed arm, PetroChina last November became the world's most valuable company, with a market capitalization that topped $1 trillion, the first and only company in the world to do so.

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