USEUROPEAFRICAASIA 中文双语Français
Home / Business

PetroChina plans major international expansion

China Daily | Updated: 2017-12-20 08:21

BEIJING - PetroChina's oil and gas trading arm aims to buy petrol stations and fuel storage facilities, setting up business in West Africa, Brazil and Pakistan in a major global expansion aimed at taking on international rivals, according to three senior oil industry executives briefed on the plans.

The ambitious drive at one of the world's top oil merchants is taking shape eight months after Tian Jinghui, a vice-president at PetroChina, took over the reins at Chinaoil, PetroChina's trading vehicle. Tian is a veteran of fuel marketing at PetroChina, a listed unit of State giant CNPC and Asia's largest oil and gas producer.

Analysts believe the aim of PetroChina is to have a foothold in emerging markets and grow market share locally.

PetroChina plans major international expansion

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US