China’s Price Control on Refined Oil Cuts Into PetroChina’s Profits, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — PetroChina (NYSE:PTR) (Beijing), one of China’s top three refiners, has reported a loss of $8.62 billion ($1 = 6.84 RMB) in its oil refining and sales department for the first six months of this year, according to statistics released August 27. The company posted a $574.29 million profit in the same period last year in the same department.
For details, view the entire article by subscribing to Industrial Info’s Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=138340, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information, send inquiries to email@example.com or visit us online at www.industrialinfo.com.
Related News Articles
PetroChina’s 200,000-Barrel Refinery in Southwestern China Expected for Completion in December
Sinopec Reports $3.4 Billion Loss in First Half of 2008
Sinopec Rebuffs Reports of Stopping Refined Oil Imports
Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources