PetroChina

Fire Breaks Out at China Refinery

A fire broke out at a Dalian PetroChina oil refinery but was reportedly put out after a few hours. From Voice of America: China’s state news agency says a fire broke out at an oil refinery in the northeastern coastal city...

Drive to Tap into China Demand Spurs Partnerships

The Financial Times reports on a slew of new deals which have Western oil companies cooperating with Chinese partners on various projects around the globe: Royal Dutch Shell has teamed up with PetroChina for a joint bid for...

PetroChina Buys Oil Sands Project

From Fort McMurray Today (Canada): China’s biggest oil company is on its way to the oilsands region. In a statement released yesterday, Minister of Industry Tony Clement announced that he had approved an application by...

Venezuela and China Boost Ties With Refinery Deal

Brian Ellsworth reports for Reuters from Caracas: Venezuela and China have agreed to build a refinery in China to process Venezuelan oil, advancing leftist President Hugo Chavez’s push to boost ties between the OPEC nation...

China Fuel Wholesalers to Keep Over 15 Days’ Stocks

The Chinese government tries to abate the continuing fuel shortages by ordering its two major oil firms to increase their oil storage. From Reuters: China will from May 1 require wholesalers of refined oil products to maintain...

Chinese Diplomacy ‘Hijacked’ By Big Companies

Chinese Big Oil is influencing the country’s foreign policy, especially when it comes to supporting Sudan’s military. From the Financial Times : Overseas investment by ­Chinese companies in countries such as Sudan...

EU Boycotts China Oil Firm Over Funding Of Darfur Regime

From The Independent: The European Parliament has disinvested in a firm accused of being one of the chief bankrollers of the Sudanese regime’s military campaign in Darfur after pressure from MEPs and human rights...

China’s IPO Feeding Frenzy Leaves Sour Taste

From the Financial Times: When PetroChina listed its shares in Shanghai last November, the headline around the world was that PetroChina had a market capitalisation of more than $1,000bn – making it the planet’s most valuable...

Updated: Chinese IPOs to Reach Annual Record – Sundeep Tucker

PetroChina, worth more than $1 trillion, surged past Exxon Mobil as its shares nearly tripled in their first day of trading in Shanghai. Alibaba.com went public in Hong Kong Stock Exchange on Nov. 6th, with a market cap of $8.8 billion. The Chinese stock market, IPOs and stock prices are once again the focus of […]

Chinese IPOs to Reach Annual Record – Sundeep Tucker

PetroChina, worth more than $1 trillion, surged past Exxon Mobil as its shares nearly tripled in their first day of trading in Shanghai. Alibaba.com went public in Hong Kong Stock Exchange on Nov. 6th, with a market cap of $8.8 billion. The Chinese stock market, IPOs and stock prices are once again the focus of […]

PetroChina’s Value Tops $1 Trillion, Surpassing Exxon – Ying Lou

From Bloomberg: PetroChina Co. almost tripled on its first day of trading in Shanghai, becoming the world’s first company to be valued at $1 trillion, larger than the entire Russian stock market. PetroChina shares rose to 43.96 yuan from the sale price of 16.7 yuan, giving the state-owned oil producer a greater market value than […]

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