Seeking Alpha

ChinaScope Fina...'s  Instablog

ChinaScope Financial
Send Message
ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
My company:
ChinaScope Financial
My blog:
ChinaScope Daily Dim Sum
  • PetroChina To Invest CNY 3.2 Bn In Xinjiang 0 comments
    Oct 12, 2012 1:47 AM | about stocks: PCCYF, PTR

    Source: Xinjiang Daily, ChinaScope Financial (Data)

    + Construction of PetroChina's (PTR: NYSE; 0857: HKG; 601857: SHA) chemical fertilizer project located in the city of Aksu in Xinjiang started yesterday. Total investment in the project will be CNY 3.2 billion.

    + Upon completion in 2015, the chemical fertilizer project will produce 450,000 metric tons of synthesis ammonia and 800,000 metric tons of urea annually. PetroChina's sales revenue derived from the project is expected to be approximately CNY 1.3 billion a year, and its profit and tax gained from the project will likely exceed CNY 80 million a year.

    Urea production is only a tiny part of PetroChina's (PTR: NYSE; 0857: HKG; 601857: SHA) business, but the fertilizer industry is a strategic focus of the government as it supports the agricultural sector and makes it possible to utilize coal in regions with lack of transportation.

    (click to enlarge)

Back To ChinaScope Financial's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.