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PetroChina’s chemicals business loss widens

6:29 AM MDT | August 22, 2013 | Deepti Ramesh

PetroChina’s refining and chemicals business segment recorded an operating loss of 15.86 billion renminbi ($2.59 billion) in the first half of 2013, compared with an operating loss of Rmb28.87 billion in the first half of 2012. PetroChina’s chemicals business alone registered an operating loss of about Rmb8.09 billion in the first half of 2013, compared with an operating loss of Rmb5.56 billion in the first half of 2012. First-half sales in the refining and chemicals segment increased 0.7%, compared with the first half of 2012, to Rmb436.4 billion...

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