PetroChina launches specialty fuels entity to move up value chain

By Reuters News

Oct 13 (Reuters) - PetroChina , Asia's largest oil and gas producer, launched a new domestic marketing entity of specialty fuels and materials to move up the value chain, according to Chinese state energy group's in-house newspaper and a company website.

  • The entity, PetroChina Specialty Fuels and Materials Co, was officially launched in Beijing on Monday

  • The new firm procures and markets specialty products including bitumen, fuel oil, marine bunker, petroleum wax, petroleum coke, sulfur and ethylene tar

  • The firm, initially established in 1997 that focused on fuel oil production and marketing, now specialises in procuring, marketing, product research as well as derivatives trading of the wider range of products

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.