Hong Kong-PetroChina, the upstream-focused oil giant, will continue to invest in its refining business despite narrowing margins, growing overcapacity and tougher competition, a senior company executive has said. “During the industry downturn, appropriate investment remains necessary for sustainable development,” Jigang, a vice president at PetroChina, said during the company’s first-half result briefing in Hong Kong on August 29.
展开▼
