BEIJING (XFN) – PetroChina Co Ltd (HK 0857; NYSE PTR) is targeting oilfields in Southeast and Central Asia, Africa and Russia as its local reserves decline after decades of development, the China Daily quoted Wang Guoliang, the company’s chief financial officer, as saying. “We can hardly expect a big production increase at home… overseas production…
CHINA: PetroChina to expand in Asia, Africa, Russia as local oil reserves decline
Posted on March 20, 2003 by EnergyAsia