BEIJING, March 21 (Xinhuanet) -- Oil giant PetroChina reported after Thursday's market close that its 2013 net profit rose 12.4 percent from a year earlier to around 21 billion US dollars, beating expectations and turning around the previous year's drop.
Refining losses narrowed, as China freed up fuel prices more. The gas business also posted a jump in profits. PetroChina's overseas business now makes up a third of the total revenue. The oil firm also announced a major gas discovery in southwest China's Sichuan province.
(Source: CNTV.cn)
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