PetroChina's ethylene production scale improves in 2006

19 Jan '07

3 min read

In 2006, the building of the marketing network of the Company witnessed good progress. In particular, the number of large scale and profitable wholly-owned service stations located at prime locations increased significantly. PetroChina¡¯s service stations now totaled 18,207. Average daily sales per station also showed strong improvement.

In 2006, the construction of key projects for the refining and chemical segments proceeded in an orderly way. The ethylene projects in Sichuan and Fushun, the chemical fertilizer project in Tarim and the petrochemical and refining project in Guangxi all broke ground and kicked off construction during the year. The Company's ethylene production capability also made a great leap forward and its production scale improved further.

Additionally, PetroChina made smooth progress in its major pipeline projects in 2006. The Alashankou-Dushanzi Crude Oil Pipeline started commercial operations during the year to deliver crude oil imported via the China-Kazakhstan Pipeline to Dushanzi Petrochemical Company.

In 2006, PetroChina's international business advanced in a healthy and steady fashion. The Company completed the acquisition of a 67 percent interest in PetroKazakhstan from its parent China National Petroleum Corporation through CNPC Exploration and Development, a joint venture with CNPC, which provided PetroChina with equity oil and gas reserves and production capacity in the strategic region of Kazakhstan.

PetroChina Company Limited

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