PetroChina Company Limited said lower oil prices helped slash its first-half net profit by nearly 28% to RMB 19,579 million from the same period last year (US$1=RMB 8.28). However, it said the results were better than expected as the company increased oil and gas production and reduced operating costs. Profit from its exploration and production…
CHINA: PetroChina reports first-half net profit down 28% to RMB 19,579 million
Posted on September 2, 2002 by EnergyAsia