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PETROCHINA FACES CHALLENGES OVER NEXT DECADE.
BEIJING, Feb 1 Asia Pulse - The China Oil and Gas Company Ltd (PetroChina) has pinpointed the following major challenges it will face over the next five to ten years:
-- Business development.
As one of the world's ten major oil companies, PetroChina must maintain certain development speed to keep its shares on the international capital market. However, it is rather difficult to maintain its annual profits at a speed of more than 10 per cent as it has pledged.
-- Heavy pressure to reduce production cost.
According to its commitment when it was listed on the market, PetroChina must cut cost by nine ...
- 50 Top oil companies in the world for 2000 announced: PetroChina ranking the...
- Magazine article from: China Chemical Reporter January 16, 2002 700+ words
...the 50 top oil companies in the world...the place of PetroChina in terms of...public listed oil companies in the world, PetroChina holds the...the 50 top oil companies in the world...later years. PetroChina held the 11th...
- PetroChina's 2001 net profit drops 15.25%. (Newsdesk).
- Magazine article from: China Chemical Reporter April 26, 2002 700+ words
...expectations, demonstrating PetroChina 's achievements in cost control and operating efficiency. PetroChina's net profit for 2001 tops...other domestic and overseas oil companies. PetroChina announced that the drop is...
- PETROCHINA TO SELL $US2.44BLN IN STOCK.
- News wire article from: AsiaPulse News September 1, 2005 700+ words
...based company's parent. PetroChina is offering stock after...Hong Kong, including PetroChina shares. "The market has the appetite for PetroChina's new shares and can absorb them." China's oil companies are expanding overseas...
- PetroChina makes play for PetroKazakhstan to expand reach.
- Newspaper article from: The Oil Daily Tan, Clara August 18, 2005 700+ words
...to buy US-based Unocal, PetroChina hopes to have better luck in...Calgary-based PetroKazakhstan. PetroChina's bid for PetroKazakhstan...Like CNOOC and other Chinese oil companies, PetroChina is eager to increase oil and...
- Why Did PetroChina Perform So Well?(Statistical Data Included)
- Magazine article from: China Chemical Reporter April 26, 2001 700+ words
...the company went public and PetroChina will keep to its words...long time in the future. PetroChina has 3 cost control targets...advance level of the 10 large oil companies in the world. The discovery...dollars. Luo says that PetroChina will keep the promise it...
- Frisky PetroChina flirts with Canadian Husky.(Petro China Company Ltd., Husky...
- Newspaper article from: International Petroleum Finance March 1, 2002 700+ words
...top Chinese oil company PetroChina is considering a deal...Lloydminster, Saskatchewan, if PetroChina were to take only the upstream...in China's top three oil companies, including $200 million in PetroChina, $100 million in archrival...
- Shanghai frenzy sees PetroChina dethrone Exxon.
- Newspaper article from: Petroleum Intelligence Weekly November 12, 2007 700+ words
...39.5 billion; and PetroChina's aggregate 2006...recently cut its rating on PetroChina to "underperform...than other Chinese oil companies or the Chinese market...But it is not only PetroChina stock that is overvalued...
- PetroChina Lowers Expectations for IPO As Investors Steer Clear of Controversy.
- Newspaper article from: The Oil Daily Merolli, Paul March 14, 2000 700+ words
...about proceeds from the PetroChina IPO being directed...investments in Sudan, saying PetroChina does not have any overseas...complete control over PetroChina's board even after...public outcry against oil companies operating in Sudan...