IHS Chemical Week

People & Business :: Earnings/Finance

PetroChina’s chemicals business narrows loss

3:56 AM MDT | August 28, 2014 | Deepti Ramesh

PetroChina’s refining and chemicals business reports an operating loss of 3.43 billion renminbi ($559 million) in the first half of 2014 compared with an operating loss of Rmb15.86 billion in the first half of 2013. PetroChina’s chemicals business alone had an operating loss of about Rmb7.79 billion in the first half of 2014 compared with an operating loss of Rmb8.09 billion in the year-ago period, as a result of efforts to control costs, the company says. The refining business had an operating profit of about Rmb4.35 billion in the first half of 2014...

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