PetroChina cuts capex in value drive

New direction: Zhou Jiping points to shift toward quality over scale

PetroChina has vowed to cut its capital expenditure for only the second time in 14 years as the Chinese giant begins to turn to value over volume.


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?