PetroChina records drop in net income and aims to make gas and LNG unit more profitable

Friday, 27 March 2020

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

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