petrochina co ltd -adr (PTR) Key Developments
Sinopec And PetroChina Mulkls Financing
Mar 5 14
China Petroleum & Chemical Corp. (SEHK:386) and PetroChina Co. Ltd. (SEHK:857) will pursue capital investment from the private sector, firms' chiefs said on March 5, 2014. Zhou Jiping, Chairman of PetroChina, said the move is part of wider industry reform to introduce more competition to enhance efficiency. After forming equity partnerships with firms such as asset managers in the western section of its first and second west-to-east gas pipelines, PetroChina will open up the eastern section for investment, he said. Fu Chengyu, chairman of rival China Petroleum & Chemical (Sinopec), said he plans to give more details about the firm's recently announced plan to sell up to 30% of its fuel marketing division to non-state entities.
PetroChina Company Limited Announces Appointment of Executives, Effective from February 25, 2014
Feb 25 14
The board of directors of PetroChina Company Limited announced that Mr. Wu Enlai has been appointed as joint company secretary and authorised representative of the company and Mr. Mao Zefeng has been appointed as joint company secretary of the company with effect from February 25, 2014. Mr. Wu Enlai, aged 54, currently the general manager of PetroChina Guangxi Petrochemical Company, and the head of Enterprise Coordination Team of the company in Guangxi. Mr. Mao Zefeng, aged 57, currently the senior assistant secretary to the Board, the head of the investor relations of the company and the director general of the supervisory committee office.
PetroChina Announces Operating Results for the Fiscal Year 2013 at Iraq's Halfaya Oilfield
Feb 18 14
PetroChina announced operating results for the fiscal year 2013 at Iraq's Halfaya oilfield. The company announced that it had produced 5.57 million tonnes of crude oil in Iraq's Halfaya oilfield in 2013, exceeding the target of 5 million tonnes (100,000 bbl/day). The field's second phase, which will double the production to 10 million tonne/year (200,000 bbl/day), is currently under construction - 60% completed - and expected to start production in August this year.
PetroChina Co. Ltd. Presents at 12th Annual dbAccess China Conference 2014, Jan-13-2014
Jan 13 14
PetroChina Co. Ltd. Presents at 12th Annual dbAccess China Conference 2014, Jan-13-2014 . Venue: Grand Hyatt Beijing, 1 East Chang An Avenue, Beijing 100738, China.
PetroChina to Bring on Stream Hainan LNG Transfer Station in First Quarter of 2014
Jan 10 14
PetroChina is expected to bring on stream a liquefied natural gas transfer station at Chengmai in Hainan province in the first quarter of 2014. The station is designed to receive imported LNG cargoes from PetroChina's large LNG import terminals. The station is equipped with three small LNG carriers, each with a loading capacity below 30,000 tones, and is likely to begin receiving LNG cargoes in July 2014. The first phase of the PetroChina project will also consist of two 20,000 cubic meter (cbm) LNG storage tanks and one jetty which will allow 10,000 cbm-20,000 cbm LNG carriers to dock. Another 80,000 cbm LNG tank will be built in the second and third stages of the project.