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In 2023, PetroChina received the equivalent of US$343 million in state subsidies. [25] PetroChina was allowed to accelerate its renewable energy business in 2022, installing 5.36 gigawatts of wind and solar power plants and 11.2 million square meters of geothermal projects during the first half of the year.
CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC.In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, refining and marketing, chemicals and natural gas businesses.
On 17 October 2023, an equity agreement was signed between Sinopec and KazMunayGas JSC for a 30% stake in a $7.7bn polyethylene project in Kazakhstan, which is expected to start construction in the second half of 2024. [130] In 2023, Sinopec was approved to invest $4.5 billion in refinery construction at Hambantota International Port, Sri Lanka.
China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade, a report from two clean-energy groups said Thursday.
Top Research Reports for UPS, PetroChina & Honeywell. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24 ...
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CN¥17.80 billion (2023) Total assets: CN¥906.99 billion (2023) Total equity: CN¥361.45 billion (2023) Subsidiaries: China Reform Fund Management China State-owned Asset Venture Capital Investment Fund China Reform Securities China Reform Consulting: Website: www.crhc.cn: Footnotes / references [1]
U.S. stocks closed higher as investors digested a slew of corporate earnings reports, including some from the so-called Magnificent 7. The broad S&P 500 index closed up 0.51%, or 31.86 points, to ...