PetroChina's (PTR) losses from processing crude last year were larger than expected, and the...

|About: PetroChina Company Limited (PTR)|By:, SA News Editor

PetroChina's (PTR) losses from processing crude last year were larger than expected, and the "losses are widening," says Chairman Jiang Jiemin. “We can’t see a turnaround in the situation. It’s larger” than the 50B yuan ($7.9B) loss suffered last year.