BEIJING (AFX-ASIA) – Net profit at China National Petroleum Corp (CNPC), the parent group of Hong Kong-listed PetroChina Co Ltd (HK 0857: NYSE PTR), rose over 30% last year to more than 70 billion yuan, but its chairman Ma Fucai warned of increasing competition, the South China Morning Post reported. (US$1=8.27 yuan). CNPC also saw…

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