PetroChina Company Limited Competition

If you want petroleum in China or elsewhere, then PetroChina is your company. A subsidiary of state-owned China National Petroleum Corporation (CNPC), PetroChina produces two-thirds of China's oil and gas. The company has proved reserves of 11.3 billion barrels of oil and 63.2 trillion cu. ft. of natural gas. In China it owns more than 50,620 kilometers of natural gas and refined products pipeline, and operates 26 refineries and 13 chemical plants. PetroChina also owns or has interests in more than 17,260 gas stations. The company was created in 2000 as a separate company to initially manage the domestic operations -- and in recent years some key international assets -- of CNPC.