PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation, headquartered in Dongcheng District, Beijing.
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12 Facts About PetroChina
2.
PetroChina is currently Asia's largest oil and gas producer and was China's second biggest oil producer in 2006.
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3.
PetroChina was established as a joint stock company with limited liabilities under the Company Law of the People's Republic of China on 5 November 1999, as part of the restructuring of CNPC.
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4.
On 7 November 2007, Hang Seng Indexes Company announced that PetroChina would be a Hang Seng Index Constituent Stock, effective 10 December 2007.
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5.
PetroChina came under scrutiny from international organizations for its part in trading with the Sudanese government as it undertook the war in Darfur.
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6.
On 19 August 2009, PetroChina signed an A$50 billion deal with ExxonMobil to purchase liquefied natural gas from the Gorgon field in Western Australia, considered the largest contract ever signed between China and Australia, which ensures China a steady supply of LNG fuel for 20 years, and forms as China's largest supply of relatively "clean energy".
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7.
In 2017, the shares of PetroChina upped after the rise of natural gas prices for commercial use.
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8.
However, in August 2004, the Board of Directors of PetroChina announced that following good faith discussions with all parties to the Joint Venture Framework Agreement, the parties had not been able to reach an agreement, and the joint venture framework agreement was terminated.
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9.
In November 2005, one of PetroChina's chemical plants exploded in Jilin, China, resulting in 100 tons of benzene, which is a carcinogen and toxic, pouring into the Songhua River.
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10.
In September 2013, Jiang Jiemin, a former chairman of PetroChina, was abruptly removed from his role as director of the State-owned Assets Supervision and Administration Commission of the State Council and investigated for corruption and abuse of power, along with four other senior oil executives.
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11.
PetroChina was ranked 30th in 2018 Forbes Global 2000, a list of top listed companies of the world.
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12.
Logo of PetroChina has represented the company in plenary capacity since 2004.
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