PetroChina expands globally; could eventually eye U.S. gasoline & diesel markets

摘要

Capitalism has swelled China's reach in traditional manufacturing, and a recent international petroleum deal in Singapore has some analysts wondering whether PetroChina could soon own or trade around North American assets.rnPetroChina agreed last week to pay $2.2 billion for a 50% stake in Singapore Petroleum Company, which operates a 285,000 b/d refinery in Singapore. By some measures, PetroChina is the largest integrated oil company in the world - its shares that trade in Shanghai and Hong Kong exchanges add up to a market value of around $336 billion.