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

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.
Comments (1)
  • These guys just keep whining as to force FGW to liberalize prices.

     

    They also import dreadfully expensive LNGs at 5-6 times the production cost so they can justify much higher prices downstream.
    5 Mar 2012, 04:22 AM Reply Like
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