News and Research on PetroChina Co. Ltd. (PTR)
Business Description
PetroChina Company Limited engages in various petroleum related activities in the Peoples Republic of China. The company produces and sells oil and gases. It has four business segments, including Exploration and Production, Refining and Marketing, Chemicals and Marketing and Natural Gas and Pipeline.
Segments
Exploration and Production
The Exploration and Production segment engages in the exploration, development, production and sales of crude oil and natural gas.
Refining and Marketing
The Refining and Marketing segment engages in the refining, transportation, storage and marketing of crude oil and petroleum products.
Chemicals and Marketing
The Chemicals and Marketing segment engages in the production and sales of basic petrochemical products, derivative petrochemical products, and other chemical products.
Natural Gas and Pipeline
The Natural Gas and Pipeline segment engages in the sales of natural gas and the transmission of natural gas, crude oil and refined products.
Joint Venture
The company has formed a joint venture with the mainland's State Forestry Administration (SFA) under which both parties would plant oil-rich trees in seven provinces for bio-diesel production.
History
PetroChina Company Limited was founded in 1988.
