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PetroChina reveals 58 per cent decline in profit, to shift focus to natural gas with oil demand set to fall amid country’s decarbonisation drive
Aggregated Source: ChinaLegalBlog.com

Company says net profit for last year amounted to 19 billion yuan (US$2.9 billion), down 58.4 per cent from 2019

‘We see the demand for cleaner burning natural gas continuing to rise,’ says president

PetroChina, the country’s largest oil and gas producer, expects crude oil demand to peak and then fall within the next 10 years, as China pursues a goal for carbon dioxide to peak by 2030.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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