PetroChina Singapore arm to boost oil units in Asia-Pacific

PetroChina International (Singapore) Pte Ltd is planning to become the leading oil and gas operation center in the Asia-Pacific region by the end of the 13th Five-Year Plan (2016-20), with trade volume reaching 200 million metric tons by 2020.

Taking advantage of the Belt and Road Initiative, the company has decided to speed up construction of its sales network in Singapore, including petrol stations and oil storage.

The company played a significant role to ensure sufficient oil and gas supply for PetroChina's domestic market through optimization of the allocation of resources.