Reducing Activities: company scaling back some business operations while continuing others

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PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation, headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas producer and was China's second biggest oil producer in 2006.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Glob.Revenue, mln.USD
425644
The Company Statement
March 27, 2024

China's top refiners PetroChina and Sinopec are resuming purchases of discounted Russian crude after a brief pause in late 2022, just before the European Union embargo on Russian oil started. China's state-owned oil companies are cutting back on Russian oil in March 2025 due to new US sanctions, with some cutting back on supplies altogether. PetroChina and CNOOC continued purchases with shipments in March but reduced volumes.

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Statements Archive
March 14, 2025China state firms curb Russian oil imports on sanctions risks, sources say
March 14, 2025China's largest state-owned company has stopped purchasing oil from Russia due to US sanctions
March 26, 2024Final sanctioned tanker with Russian Sokol oil to reach China port, data shows
October 17, 2023Kazakhstan has found gas for supplies to China
January 15, 2023China's state-owned refiners resume Russian Urals crude imports
Demand to Leave Russia:Petition text has been copied to the clipboard.
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