PetroChina reports 23 percent drop in profits amid concern on LNG and pipeline imports

Tuesday, 05 November 2019

LNG Journal editor

PetroChina, the Hong Kong-listed arm of China National Petroleum Corp. (CNPC), reported a drop of just over 23 percent in nine-month net profits to 37.25 billion yuan ($5.28 billion) due to a lower oil price and intensified competition in refining as it also faced revenue problems with LNG and pipeline gas imports.


Subscriber content
 

This content is available only to subscribers
please log in below or subscribe now / request a free trial