IHS Chemical Week

People & Business :: Earnings/Finance

PetroChina’s chemicals business loss widens

2:06 PM MDT | October 29, 2013 | Deepti Ramesh

PetroChina’s refining and chemicals business segment recorded an operating loss of 20.0 billion renminbi ($3.3 billion) in the first nine months of 2013 compared with an operating loss of Rmb37.4 billion in the first nine months of 2012. PetroChina’s chemicals business alone registered an operating loss of about Rmb14.7 billion in the first nine months of 2013 compared with an operating loss of Rmb7.38 billion in the first nine months of 2012 mainly because of the “prolonged weakness of the domestic petrochemicals market,” the company...

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