亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Home / Business / Energy Tools: Save | Print | E-mail | Most Read | Comment
Profit up for oil producer
Adjust font size:

PetroChina Co Ltd, China's largest oil and gas producer, yesterday posted a lower-than-expected 2.4 percent growth in its net profit in 2007 of 145.63 billion yuan.

PetroChina's turnover in 2007 reached 835.04 billion yuan, an increase of 21.2 percent from the previous year. Its total output of crude oil and natural gas was 1.11 billion barrels of oil equivalent, an increase of 4.8 percent from 2006.

Analysts said windfall taxes and refining losses are eating into the company's profits. PetroChina paid 44.58 billion yuan in windfall levies in 2007, 54 percent more than in 2006. Its refining arm reported a loss of 20.68 billion yuan in 2007, compared with a 8.5 billion yuan loss in 2006.

Rising cost is another drag on growth. Exploration and production expenses climbed 30 percent last year. Oil and gas lifting costs rose 15 percent to $7.75 a barrel.

Dick Lee, a corporate finance officer with Phillip Securities in Hong Kong, said PetroChina's result was lower than his expectation. "The market had expected PetroChina to post better earnings amid the soaring crude prices that helped other oil groups book record profits."

The company will continue to search for resources at home and abroad, aiming to increase overall oil and gas production by 7 percent to 1.189 billion barrels of oil equivalent in 2008, exceeding last year's 4.8 percent increase. It said it will earmark 132.3 billion yuan for exploration and production this year.

But analysts expect a tough year for PetroChina in 2008, saying the government's tightening policies and rising costs will hit the oil producer.

(China Daily March 20, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- PetroChina in cooperation talks with Qatar Petroleum
- PetroChina stations' non-oil sales were 665m yuan in 2007
- Shares down as Petrochina ban ends
- PetroChina to continue production during Spring Festival
- PetroChina stock goes from 'neutral' to 'buy'
- PetroChina develops new oil technology
- Output of PetroChina oilfield exceeds 20m tons
Most Viewed >>
- Beijing has A380 maintenance hangar
- China to inject 20 bln yuan into 1st jumbo jet company
- ThinkPad X300 launched
- Clean energy poised to take bigger share
- Central bank raises reserve ratio to 15.5%

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing China-US Strategic Economic Dialogue

Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码