PetroChina seeks to renegotiate supply contracts

Wednesday, 01 April 2020

PetroChina, affiliate of state-owned China National Petroleum, recorded a 6 percent rise in annual revenues to 2,520 billion Chinese yuan ($350.8 bn) but net profits fell 14 percent. Hence, the Hong Kong listed company it disclosed plans to renegotiate some gas supply contracts to improve profitability.

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