Greater China

PetroChina inks oil trading contract with PDVSA

Beijing: PetroChina has signed an oil trading contract with Venezuelan energy firm PDVSA.

Under the contract, PetroChina will purchase 100,000 barrels of fuel oil each day from PDVSA over the next three years.

Wang Dong, president of PetroChina, said the company’s oil trading volume with Venezuela will reach 790,000 barrels per day in 2014, and the contract would further strengthen PetroChina’s oil and gas operations in the Americas and enhance the company’s participation in the international oil & gas market. [24/07/14]

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