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PetroChina’s chemicals business loss widens

11:20 AM MDT | March 21, 2014 | Deepti Ramesh

PetroChina’s refining and chemicals business reports an operating loss of 24.4 billion renminbi ($3.9 billion) in 2013 compared with an operating loss of Rmb43.51 billion in 2012. PetroChina’s chemicals business alone registered an operating loss of about Rmb19.68 billion in 2013 compared with an operating loss of Rmb9.83 billion in 2012 mainly because of the weak market for chemicals, the company says. The refining business recorded an operating loss of about Rmb4.70 billion in 2013, compared with an operating loss of Rmb33.67 billion in 2012. Sales...

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