PetroChina seeks to strengthen overseas relationships

HONG KONG, Aug 26 (BestGrowthStock) – PetroChina Co Ltd (0857.HK: ),
the world’s second-most valuable oil and gas producer after Exxon
Mobil Corp (XOM.N: ), said on Thursday that it wants to further
strengthen relationships with Venezuela, Iraq and Kazakhstan as
it looks for new sources of oil.

The company was also in discussions for cooperation
agreements with BP Plc (BP.L: ) in the refining sector, executives
told a media briefing after reporting quarterly results.

Earlier in the day, PetroChina posted a 4.2 percent rise in
quarterly earnings, its best since the fourth quarter of 2008, as
higher oil prices and stronger production offset weak refining
margins.
(Reporting by Sui-Lee Wee, writing by Doug Young; Editing by
Chris Lewis)

PetroChina seeks to strengthen overseas relationships