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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  PetroChina Company Limited    601857   CNE1000007Q1

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PetroChina : Gazprom, CNPC, Kazakhstan’s KazMunayGas to develop natural gas filling network on Europe–China route

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10/06/2017 | 08:18am CEST

Written by TCA

ASTANA (TCA) — Vitaly Markelov, Deputy Chairman of Russia’s Gazprom Management Committee, Huang Weihe, Vice President of PetroChina (on behalf of China’s state-owned oil and gas company CNPC), and Daniyar Berlibayev, Executive Vice President for Transportation, Processing and Marketing of Kazakhstan’s oil and gas company KazMunayGas, on October 5 signed a Memorandum of Understanding at the 7th St.Petersburg International Gas Forum.

The document reflects the interest of the parties in long-term strategic cooperation in the natural gas vehicles (NGV) market, including via developing the natural gas filling infrastructure along the Europe–China international transport corridor, Gazprom said.

The Memorandum provides for an assessment of the potential number of gas-powered cargo vehicles and the amount of natural gas that could be used for refueling vehicles at the Russian, Kazakh and Chinese sections of the route in the period up to 2030.

The results of the assessment will serve as the basis for the drawing up of the tripartite Roadmap for the development of the natural gas filling network along the Europe–China international transport route.

PetroChina is the largest Chinese company engaged in oil and gas production and marketing. The majority stake of PetroChina is owned by CNPC.

KazMunayGas National Company is Kazakhstan’s operator for exploration, production, processing and transportation of hydrocarbons.

(c) 2017 The Times Of central Asia. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CNY)
Sales 2017 1 880 B
EBIT 2017 70 093 M
Net income 2017 32 078 M
Debt 2017 416 B
Yield 2017 1,08%
P/E ratio 2017 49,30
P/E ratio 2018 35,81
EV / Sales 2017 0,97x
EV / Sales 2018 0,88x
Capitalization 1 409 B
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PetroChina Company Limited Technical Analysis Chart | 601857 | CNE1000007Q1 | 4-Traders
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Mean consensus HOLD
Number of Analysts 13
Average target price 7,14  CNY
Spread / Average Target -12%
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Managers
NameTitle
Dong Jin Wang Vice Chairman, President & Executive Director
Yi Lin Wang Chairman
Jin Ping Guo Chairman-Supervisory Board & GM-Legal Department
Shou Ping Chai Chief Financial Officer
Hong Bin Liu Non-Executive Director
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