PetroChina third quarter profit surges on recovering oil prices, pipeline spin-off

PetroChina third quarter profit surges on recovering oil prices, pipeline spin-off
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30.10.2020

MOSCOW (MRC) -- PetroChina, Asia"s largest oil and gas producer, reported a surge of around 350% in third-quarter profit versus a year earlier, owing to recovering oil prices and revenue from pipelines spin-offs, said Reuters.Net income reached 40.05 billion yuan (USD6 billion) versus 8.86 billion the same period a year ago, and compared with a loss of 13.75 billion the previous quarter

Full article at mrcplast.com

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