PetroChina reports better than expected Q1 operating results

28 Apr '09

4 min read

In the first quarter of 2009, the natural gas and pipeline operations achieved safe and stable operations. Smooth progress has been made in key construction projects. Efficient and orderly transmission through pipelines was maintained. The management and operation standards were raised and the sales of natural gas continued to experience faster growth. The Lanzhou-Zhengzhou section of the Lanzhou-Zhengzhou-Changsha Oil Product Pipeline commenced operation smoothly which marked a milestone of the largest construction project of oil product pipeline nationwide.

In the second quarter of 2009, PetroChina will continue to thoroughly implement the work planned at the beginning of the year. The Company will closely monitor market changes and react in a timely manner. In addition, the Company will grasp and fully utilize opportunities during this important and strategic period to create new advantages through changes in its development approach.

By seizing historic opportunities, PetroChina will strive to accomplish new development and strengthen the balance between production, transportation, marketing and storage. The Company is also committed to lower production cost and continues to strengthen profitability and risk aversion competence in order to achieve stable and rapid development.

PetroChina Company Limited

More PetroChina Company Limited News... More Textiles News - China...