Oil, Gas and Consumable Fuels
Company Overview of PetroChina Co. Ltd.
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 engages in the refining of crude oil and petroleum products; and production and marketing of primary petrochemical products, and derivative petrochemical products and other chemical products. The Marketing segment is involved in the marketing of refined products; and trading activities. It sells gas...
No. 9 Dongzhimen North Street
Founded in 1988
Key Executives for PetroChina Co. Ltd.
Chairman of the Board
Total Annual Compensation: $1.1M
Chief Financial Officer and General Manager of the Merger & Acquisition Department
General Manager of the Legal Department and Supervisor
Compensation as of Fiscal Year 2012.
PetroChina Co. Ltd. Key Developments
Green Dragon Gas Ltd. Signs Memorandum of Understanding with PetroChina Co. Ltd
Dec 12 13
Green Dragon Gas Ltd. announced that it has entered into a binding Memorandum of Understanding (MOU) with PetroChina Company Ltd. regarding confirming the company's participating interests in the Chengzhuang block ("GCZ"), a block included within the Shizhuang South ("GSS") Production Sharing Contract. Under the MOU, PetroChina will provide all information necessary for the Company to complete an audit so as to conclude and accept the capital expenditures incurred to develop the block, the gas production, gas sales and related revenues. Commercial gas sales began in March 2010. The parties have agreed to conclude the audits and the related definitive agreements on payments in the first quarter of 2014. Furthermore, the parties agreed that PetroChina will continue to be the operator of the GCZ block, while the Company will continue to operate the GSS block.
Chevron Planning To Sell Asset; Buyers Reportedly Interested
Dec 2 13
Chevron Corporation (NYSE:CVX) is planning to sell its exploration permits in the region off the far north-west coast, Browse Basin. According to the news report, bids for the assets have closed and Chevron is now sifting through offers for the acquisition of part or all of its exploration permits in the basin off the far north-west coast, representing a further rejig of interests in the area. It added that Chevron's sale of these permits may not result in a complete departure. Possible bidders include Royal Dutch Shell plc (ENXTAM:RDSA), Inpex Corporation (TSE:1605), Total SA (ENXTPA:FP), and Santos Limited (ASX:STO). Woodside Energy Ltd., PetroChina Co. Ltd. (SEHK:857), and Osaka Gas Co., Ltd. (TSE:9532) may also be interested.
Environment Group Sues PetroChina Co. Ltd. for Nearly $10 Million over Pollution
Nov 29 13
A Chinese government-backed environmental group announced that it has launched legal action against PetroChina Co. Ltd. for almost $10 million over pollution. The All China Environment Federation said it had submitted a lawsuit accusing PetroChina of 'illegal emissions of pollutants'. The suit filed with a court in Beijing alleges PetroChina was responsible for emissions that polluted soil and underground water in Jilin province in northern China.
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