The Challenges Facing China's Oil Behemoth Abroad
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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