SINGAPORE (Yosefardi) – Petrochina Company Limited booked profit of RMB29.76 billion in July-Sept (third quater) of this year, grew by 19.4% from RMB24.93 billion in the same period of last year. Turnover increased 5.5% to RMB581.69 billion.
For January-September period, net profit rose 9.6% to RMB95.29 billion while turnover grew 5.3% to RMB1.68 trillion.
In the first three quarters of 2013, the Group was confronted with the severe situation of the sluggish global economic recovery, the slowing down of China’s economic growth and the weak demand in the oil and petrochemical markets.
In respect of exploration and production, the Group made significant progress in oil and gas exploration and production and achieved steady output increases. In the first three quarters of 2013, crude oil output of the Group amounted to 698.0 million barrels, representing an increase of 2.2% as compared with the same period last year.