Along with competitor Sinopec, China National Petroleum, also known as PetroChina, rose a spot this year after posting a 5.7% increase in sales. With a 30-year deal for Russian gas closed in May, as well, the state-owned Chinese oil company is in a good spot for future growth.
There are, however, internal concerns over high-profile corruption investigations into some of the company’s top executives. The news comes at a time when demand for oil and gas in China is expected to continue growing rapidly, according to the company.
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