CEphoto, Uwe Aranas
PetroChina stated that its net income totaled 120.3 billion yuan ($16.66 billion) from January through September.
Local gas production grew by 5.1% to 3,296 cubic feet during the reporting period, while local oil production increased 2.7% year over year to 577 million barrels.
PetroChina, the second-largest refiner in China, processed 1.8% less crude oil in the first nine months of the year than in the same period in 2017.
China's fuel consumption is still under pressure due to Beijing's ongoing COVID restrictions, which have disrupted economic activity and freedom of travel in the nation and forced refiners to reduce operations.
source: bloomberg.com
Local gas production grew by 5.1% to 3,296 cubic feet during the reporting period, while local oil production increased 2.7% year over year to 577 million barrels.
PetroChina, the second-largest refiner in China, processed 1.8% less crude oil in the first nine months of the year than in the same period in 2017.
China's fuel consumption is still under pressure due to Beijing's ongoing COVID restrictions, which have disrupted economic activity and freedom of travel in the nation and forced refiners to reduce operations.
source: bloomberg.com