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PetroChina generates 482,000 tons of ethylene in Q3

17 Oct '05
3 min read

The Company also continued to expand its sales network by leveraging the synergy of its integrated refinery and marketing segments. By the end of September 2005, the Company's service stations totaled 17,379, representing an increase of 220 or 1.2 percent from the same period last year.

In the third quarter of this year, the Company's chemical business continued its robust performance with the output of key chemical products increasing further. The Company produced 482,000 tons of ethylene, 724,000 tons of synthetic resin, 67,000 tons of synthetic rubber, and 860,000 tons of urea.

During the first three quarters of 2005, the Company produced a total of 1.423 million tons of ethylene, 2.035 million tons of synthetic resin, and 2.817 million tons of urea, representing an increase of 4.0 percent, 7.6 percent and 3.1 percent respectively from the same period last year.

In the third quarter of 2005, the Company made smooth and rapid progress in building its key oil and gas pipelines as scheduled. The Second Shaanxi-Beijing Pipeline began operation ahead of schedule on 1st July. The line has a trunk length of 935 kilometers and a designed annual capacity of 12 billion cubic meters.

PetroChina Company Limited (PetroChina) was established as a joint stock company with limited liabilities under the Company Law of the People's Republic of China (the PRC) on November 5, 1999 as part of the restructuring of China National Petroleum Corporation(CNPC).

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