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China's Price Control on Refined Oil Cuts Into PetroChina's Profits, an Industrial Info News Alert

Posted on: Monday, 8 September 2008, 09:00 CDT

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.

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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 refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

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