PetroChina (PTR -0.5%) says it has earmarked 100B yuan ($15.7B) for investments overseas in oil...

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

PetroChina (PTR -0.5%) says it has earmarked 100B yuan ($15.7B) for investments overseas in oil and gas assets this year and will accelerate its acquisition strategies through cooperation with partners overseas and buy assets directly. PTR plans to boost its overseas oil and gas output to 50% of its total output in five to eight years from 9% now. (earnings)