PetroChina Company Limited
PetroChina Company Limited (PetroChina) is a producer of crude oil and natural gas in China. The Company is engaged in a range of petroleum and natural gas related activities, including the exploration, development, production and sale of crude oil and natural gas; the refining, transportation, storage and marketing of crude oil and petroleum products; the production and marketing of basic petrochemical products, derivative chemical products and other chemical products, and the transmission and storage of crude oil, refined products and natural gas, as well as the sale of natural gas. Substantially all of its crude oil and natural gas reserves and production-related assets are located in China. During the year ended December 31, 2007, PetroChina completed the acquisition of the remaining interest in Jinzhou Petrochemical Co., Ltd. (Jinzhou Petrochemical), Liaohe Jinma Oilfield Co., Ltd. (Liaohe Jinma) and Jilin Chemical Industrial Company Limited (Jilin Chemical).
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Most Asian markets ended lower Thursday, giving up gains from the previous session. Japan's Nikkei 225 finished down 2.4% as exporters were hit by the stronger yen. Other major indexes including China's Shanghai Composite, Hong Kong's Hang Seng Index and South Korea's Kospi ended with rather small changes as investors were not confident to the economic outlook and waiting for a clear picture.
Asian markets ended higher on Wednesday. Tokyo stocks jumped 2.7% as yen's weakness boosted the Japanese exporters. South Korea and China markets delivered a modest rise of 0.3% each. Hong Kong's Hang Seng surged 1.6%.
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