PetroChina

【Press Release】PetroChina Achieved Another Record Annual Results

Retrieved on: 
Wednesday, April 10, 2024
EV, Natural gas, Growth, RMB, Ordos, Tarim Basin, Gasoline, PetroChina, Coal, PX, Marketing, Kerosene

Despite the realized oil price dropped by 16.8% year-on-year, the Company’s operating results continued to grow, and achieved record annual results for two consecutive years, underpinned by strengthened resilience of its industrial chain against the changes of macro-factors such as the oil price.

Key Points: 
  • Despite the realized oil price dropped by 16.8% year-on-year, the Company’s operating results continued to grow, and achieved record annual results for two consecutive years, underpinned by strengthened resilience of its industrial chain against the changes of macro-factors such as the oil price.
  • The debt-to-asset ratio was 40.8%, dropped by 1.7 percentage points from the end of last year, the lowest level in 13 years.
  • The annual dividend for the year was RMB 0.44 per share (tax inclusive), representing a dividend payout ratio of 50% with annual dividend payment of approximately RMB 80.53 billion.
  • Achieving another record oil and natural gas equivalent output with more solid foundation for future development.

Deltrix Kazakhstan Expands in Central Asia Joins Hands with CAMCE to Deepen Regional Cooperation Along The 'Belt and Road'

Retrieved on: 
Wednesday, April 10, 2024
Belt, Electronics, Policy, PetroChina, Retail

[Hong Kong - 27 March 2024] Trio Industrial Electronics Group Limited (“Trio Group” or the “Group”, Stock code: 1710.HK) subsidiary, Deltrix Kazakhstan (the “Company”), has shown strong business expansion momentum in Central Asia in just six months since its establishment.

Key Points: 
  • [Hong Kong - 27 March 2024] Trio Industrial Electronics Group Limited (“Trio Group” or the “Group”, Stock code: 1710.HK) subsidiary, Deltrix Kazakhstan (the “Company”), has shown strong business expansion momentum in Central Asia in just six months since its establishment.
  • As a state-owned enterprise directly under the central government affiliated to China National Machinery Industry Corporation (SINOMACH), CAMCE has undertaken a large number of landmark projects around the world with its profound technical capacity, excellent project execution and extensive international influence.
  • Deltrix Kazakhstan, supported with its parent company's strong strength in the field of industrial electronics, is actively engaged in the construction of the new energy vehicle industry.
  • This cooperation not only strengthens the strategic layout of Trio Group in the Central Asian market, but also demonstrates the competitiveness and influence of Hong Kong enterprises on the international stage.

PetroChina Company Limited Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

Retrieved on: 
Tuesday, February 6, 2024
PetroChina, ADS, Stock exchange, Exchange, Shanghai Stock Exchange, Form

Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

Key Points: 
  • Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934
    Beijing, Feb 5, 2024 – PetroChina Company Limited (“PetroChina” or the “Company”) (HKEX:00857)(SSE:601857) announced today that the Company intends to deregister with the United States Securities and Exchange Commission (the “SEC”) and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
  • Thereafter, all of the Company’s reporting obligations under the Exchange Act will be suspended unless the Form 15F is withdrawn or denied.
  • Deregistration and termination of the Company’s reporting obligations under the Exchange Act are expected to become effective 90 days after its filing of Form 15F.
  • Private Securities Litigation Reform Act of 1995 and Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934.

Successful STRATCO® Alkylation Technology Startup at PetroChina Guangdong Refinery

Retrieved on: 
Wednesday, January 31, 2024
Oil, Gas, Sustainability, Environment, Other Manufacturing, Energy, Chemicals, Plastics, Green Technology, Manufacturing, PetroChina, Growth, RON, Research, Alkylation, Aptitude, Alkylation unit, Gasoline, China National Petroleum Corporation, Clean technology, HAZOP, KMTA, Renewable energy

PetroChina Guangdong (PetroChina), a subsidiary of China National Petroleum Corporation, has successfully completed and surpassed all performance guarantees for its groundbreaking 595 thousand metric tons per annum (KMTA) STRATCO® alkylation unit.

Key Points: 
  • PetroChina Guangdong (PetroChina), a subsidiary of China National Petroleum Corporation, has successfully completed and surpassed all performance guarantees for its groundbreaking 595 thousand metric tons per annum (KMTA) STRATCO® alkylation unit.
  • This successful performance test marks a significant milestone as one of the largest alkylation units operating within China.
  • “Seeing the PetroChina STRATCO® alkylation unit handedly pass all performance guarantee tests is a testament to the technology and the aptitude of the staff of the refinery.
  • Licensed and marketed by Elessent Clean Technologies, the STRATCO® alkylation technology is the world-leading alkylation technology with more than 100 licensed units worldwide and more than 915,000 bpsd (35,800 kmta) of installed capacity.

SI Group Appoints Frank Yang as VP & Managing Director, Asia Pacific

Retrieved on: 
Tuesday, December 19, 2023
Chemical engineering, University, Growth, Safety, BP, PetroChina, Management

THE WOODLANDS, Texas, Dec. 19, 2023 /PRNewswire/ -- SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals, and chemical intermediates, announced today it has appointed Frank Yang as VP & Managing Director, Asia Pacific, effective January 1, 2024. 

Key Points: 
  • THE WOODLANDS, Texas, Dec. 19, 2023 /PRNewswire/ -- SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals, and chemical intermediates, announced today it has appointed Frank Yang as VP & Managing Director, Asia Pacific, effective January 1, 2024.
  • As the VP & Managing Director, Asia Pacific, Frank will lead SI Group's Asia Pacific management team.
  • As the VP & Managing Director, Asia Pacific, Frank will lead SI Group's Asia Pacific management team to optimize the business and deliver results in the region.
  • "With Frank as VP & Managing Director, Asia Pacific, we look forward to delivering more value to our customers and shareholders in the region now and in the future."

SI Group Appoints Frank Yang as VP & Managing Director, Asia Pacific

Retrieved on: 
Tuesday, December 19, 2023
Chemical engineering, University, Growth, Safety, BP, PetroChina, Management

THE WOODLANDS, Texas, Dec. 19, 2023 /PRNewswire/ -- SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals, and chemical intermediates, announced today it has appointed Frank Yang as VP & Managing Director, Asia Pacific, effective January 1, 2024. 

Key Points: 
  • THE WOODLANDS, Texas, Dec. 19, 2023 /PRNewswire/ -- SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals, and chemical intermediates, announced today it has appointed Frank Yang as VP & Managing Director, Asia Pacific, effective January 1, 2024.
  • As the VP & Managing Director, Asia Pacific, Frank will lead SI Group's Asia Pacific management team to optimize the business and deliver results in the region.
  • "With Frank as VP & Managing Director, Asia Pacific, we look forward to delivering more value to our customers and shareholders in the region now and in the future."
  • "SI Group has a strong brand and market presence in the region with opportunity for growth and an ambitious vision statement, making it an exciting organization to join," said Frank Yang.

Global Polyolefin Market Size, Share & Trends Analysis Report 2023-2033: Industry Growth Fueled by Weight Reduction in Automotive Applications - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 29, 2023
Chemicals, Plastics, Automotive Manufacturing, Manufacturing, Injection moulding, Acquisition, Blow molding, Engineering, Polyethylene, Chlorine, Electronics, PetroChina, FDA, CNC, Segment, USD, ExxonMobil, Table tennis rubber, Film, China Petrochemical Corporation, Chevron Corporation, Growth, Borealis AG, TotalEnergies, Health, Environment, Borealis, Polycarbonate, Repsol, Braskem

The global polyolefin market is anticipated to reach USD 357.3 billion by 2030.

Key Points: 
  • The global polyolefin market is anticipated to reach USD 357.3 billion by 2030.
  • The market is poised for growth due to increasing adaptation across the end-use industries.
  • The polyethylene (PE) led the market for market across the product segmentation and accounted for a revenue share of over 38.0% in 2022.
  • The film & sheet led the market for market across the application segmentation and accounted for a revenue share of over 25.0% in 2022.

The 25th China Hi-Tech Fair Opens in Shenzhen, Setting New Record in Scale

Retrieved on: 
Wednesday, November 15, 2023
Environment, Other Manufacturing, Robotics, IOT (Internet of Things), Aerospace, Manufacturing, Mobile, Wireless, Telecommunications, 5G, Software, Internet, Hardware, Automotive, Consumer Electronics, Wearables, Mobile Technology, Technology, Vehicle Technology, Nanotechnology, Audio, Video, Health, Finance, Consulting, Artificial Intelligence, Health Technology, Professional Services, Green Technology, Carbon, Ministry, Belt, Attention, Sinopec, Quality, Investment, Huawei, International Innovation Index, Sophist, Notability, Ministry of Commerce (Pakistan), International, Peking University, Environmental protection, Commerce, ZTE, Multimedia, Consultant, Primary energy, PetroChina, SME, Information technology, Intel, City, National innovation system, Tsinghua University, Exhibition, Starbucks, Digital health, BRI, Drug, Specialization

The 25th China Hi-Tech Fair (CHTF) commenced on November 15, 2023 in Shenzhen, China, featuring the theme "Invigorate the Power of Innovation, Upgrade the Quality of Development."

Key Points: 
  • The 25th China Hi-Tech Fair (CHTF) commenced on November 15, 2023 in Shenzhen, China, featuring the theme "Invigorate the Power of Innovation, Upgrade the Quality of Development."
  • The exhibition is expected to cover an area of 500,000 square meters, making it the most extensive and globally diverse session to date.
  • Notable international organizations and companies, including Intel and Starbucks, will unveil major projects during the fair.
  • The 25th CHTF promises to be a milestone event, fostering global collaboration, and advancing technology for a sustainable future.

TopBrand 2023 Global Brands: U.S. Tops List with 172 Brands, China Secures No. 2 Position

Retrieved on: 
Tuesday, November 21, 2023
Cloud, CEIBS, Artificial intelligence, 2009 National People's Congress, UnitedHealth Group, Amazon, NPC, China Communications Construction Company, Commerce, NetEase, Multimedia, PetroChina, Hikvision, Wanxiang, Westlake University, ExxonMobil, Committee, Geely, Ali Baba, Apple, National People's Congress, Convention center, Congress, Baidu, Microsoft, Government, Management, Pharmaceutical industry, Retail, Sinopec, Growth, NVIDIA, Gree Electric

Rounding out the list of notable attendees was Shi Yigong, Academician of the Chinese Academy of Sciences, and President of Westlake University.

Key Points: 
  • Rounding out the list of notable attendees was Shi Yigong, Academician of the Chinese Academy of Sciences, and President of Westlake University.
  • At the event, Dr. Wang Yong, the initiator and Secretary-General of the China Brand Festival and Chairman of TopBrand Union, unveiled the TopBrand 2023 Top 500 Global Brands List.
  • In 2022, TopBrand Union made its inaugural release of the TopBrand 2023 Top 500 Global Brands List, marking a significant global perspective shift from a Chinese vantage point.
  • Additionally, the TopBrand 2023 Top 500 Chinese Brands List was unveiled during the event.

Ukrainian-founded Preply Extends Leadership in Language Learning with First U.S. Office, Fresh Branding, and Two C-Suite Additions

Retrieved on: 
Wednesday, October 25, 2023
Koto, Growth, PetroChina, Foreign language, Heart, Cadbury, PepsiCo, Delivery Hero, Houzz, Workforce, Organization, Senior, Learning, American Council, Student, Charles Street, Culture, Language, Video game, Management, Tourism, IPO, Preply, Kingkade

NEW YORK, Oct. 25, 2023 /PRNewswire/ -- Preply, a leading online learning marketplace, today announced a company rebrand and the appointment of two C-suite executives as it establishes its first office in the U.S. in New York City. The global online language learning market is set to reach $47 billion by 2025, due to globalization, technological advancements, and rising demand for bilingualism, all of which drive the demand for innovative language education solutions. With over 600 employees of 60 nationalities across New York, Kyiv and Barcelona, Preply has become a global e-learning powerhouse that connects 40,000 tutors with the world's largest live language learning community in 180 countries. Preply revenues have grown tenfold over the last three years with this latest activity signifying the company's doubling down to extend category leadership in what is already its largest market.

Key Points: 
  • Kingkade will drive the company's efforts to transform communications and culture through language at organizations across the world.
  • We believe that by strengthening our brand, we better serve everyone's language learning needs and aspirations," said Sofia Tavares, Chief Brand Officer of Preply.
  • The New York City location was chosen as a large number of multinational corporations are based in the Northeast.
  • The new office, The Malin , is now open, located at 134 Charles Street in the heart of New York's West Village.