GO
Loading...

PetroChina Co Ltd

More

  • *FACTBOX on Iran oil sanctions. DUBAI/ NEW DELHI/ HONG KONG, March 31- A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. Under sanctions Iran became adept at offering discounts, easy credit and free shipping to keep in the game, recalling...

  • SAO PAULO, March 30- Brazil's state-run oil company Petroleo Brasileiro SA said in a securities filing on Monday that Mauro Gentile Rodrigues da Cunha, the board member elected by minority shareholders, had decided not to run for another term.

  • LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. Tanker data listed it as being run by Glasford, the shipping-arm of PetroChina. Trading sources estimate Yemen's oil exports before...

  • Amid Yemen chaos, China keeps oil shipments flowing Monday, 30 Mar 2015 | 6:23 AM ET

    LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. The 2 million barrel Very Large Crude Carrier, Tai Hung San, left the Yemeni port of Ash Shihr on Sunday, and has been chartered by...

  • SAO PAULO, March 27- Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA. Trials are underway in Curitiba, in what has become Brazil's biggest-ever corruption probe known as Operation Car Wash. Two dozen of Brazil's biggest engineering firms are...

  • SAO PAULO, March 27- Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive arrested in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA. Trials are underway there in what has become Brazil's biggest-ever corruption probe known as Operation Car Wash. Two dozen of Brazil's biggest engineering firms are being...

  • BRASILIA, March 27- Brazil's economy grew a slightly better-than-expected 0.1 percent in 2014, but sliding investment set the stage for what most observers expect will be a painful recession this year. Brazil's meager 2014 growth hanged on government consumption, a symptom of the country's deepening imbalances. While the 1.3 percent increase in public...

  • RIO DE JANEIRO, March 26- The former chief executive officer of Petroleo Brasileiro SA, Maria das Graças Foster, on Monday said she was ashamed of a corruption scandal at the state-run oil company but denied any knowledge of alleged widespread bribery. Foster, who resigned her post on Feb. 4, told a congressional committee in Brasilia that the company cannot be...

  • RIO DE JANEIRO, March 26- Brazil's state-run oil company Petroleo Brasileiro SA on Thursday named Luciano Coutinho, the head of Brazil's state development bank BNDES, as its new chairman. A close ally of President Dilma Rousseff, whom he taught economics, Coutinho is known as a strong supporter of her economic policy. Brazil's President Dilma Rousseff was...

  • BRASILIA, March 26- Brazilian authorities on Thursday said they uncovered a tax fraud scheme at the Finance Ministry's tax appeals board that may have cost taxpayers up to 19 billion reais. The news came in the midst of a multibillion-dollar corruption scandal at state oil company Petroleo Brasileiro SA, or Petrobras, that has rattled Brazil's political...

  • BRASILIA, March 26- Brazil's tax agency said on Thursday that it and federal police have detected corrupt activities at the agency that could have cost state coffers at least 5 billion reais. The tax agency allegations come on the heels of a probe that has uncovered a multibillion-dollar corruption scandal at state oil giant Petroleo Brasileiro SA, known as...

  • HONG KONG, March 26- PetroChina, Asia's largest oil and gas producer, on Thursday vowed to further slash spending and divest more assets this year after posting a worse-than-expected 67 percent earnings slide for the fourth quarter. PetroChina plans to cut its capital spending by about 10 percent to 266 billion yuan this year, while reducing costs and expenses,...

  • MILAN, March 26- Italy's Saipem is close to signing a joint venture with a big local partner in Nigeria just days after clinching a similar deal in China with PetroChina as the oil contractor seeks access to new markets. Saipem, 43 percent owned by Italian oil major Eni, has seen some 10 billion euros wiped off its market value over the past two years after two profit...

  • March 26- Hong Kong shares finished lower on Thursday in line with most Asian markets, which dropped due to tension in the Middle East and losses on Wall Street. But oil giants CNOOC and PetroChina bucked the trend, rising 1.5 percent and 0.9 percent respectively, as oil prices shot up nearly 6 percent after Saudi Arabia and Gulf Arab allies started air strikes...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent to 3,950.00, while the Shanghai Composite Index gained 0.6 percent to 3,682.10. Among the most active stocks in Shanghai were China Shipbuilding, up 10.0 percent to 10.44 yuan, Agricultural Bank Of China, up 0.3 percent to 3.65 yuan, and China State Construction, up 2.6...

  • China, Hong Kong stocks edge up as energy shares jump Thursday, 26 Mar 2015 | 12:54 AM ET

    SHANGHAI, March 26- Shares in China and Hong Kong edged higher on Thursday as oil prices bounced, pushing up energy shares. Oil companies including PetroChina, and Offshore Oil Engineering rose, while China CNR Corp and CSR Corp Ltd surged on expectations of imminent merger of the two train-making giants. "After consecutive sessions of rises, fluctuations are...

  • SAO PAULO, March 24- The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies in the Americas. The dust-up led one former top aide to President Barack Obama to describe Brazil and the United...

  • BRASILIA, March 24- A plan to attract private investment to Brazil's strained port infrastructure is even more important in the face of federal budget cuts that will curb public investment, Ports Minister Edinho Araújo said in an interview. Brazilian President Dilma Rousseff said on Friday that her government would make "significant" cuts to the 2015 budget...

  • SAO PAULO, March 23- Brazil's biggest opposition party has no interest in impeaching President Dilma Rousseff despite recent street demonstrations calling for her ouster, former President Fernando Henrique Cardoso told Reuters. Cardoso, who at 83 remains an influential leader in the centrist Brazilian Social Democracy Party, said removing Rousseff so...

  • HONG KONG, March 23- Asia's largest refiner, Sinopec Corp, said on Monday it expects prolonged weakness in global oil prices, forcing it to cut spending and turn more cautious about acquisitions. It will take a very, very long time for international crude prices to rise back to $100 a barrel, "its chairman Fu Chengyu told reporters at the company's results briefing.