PetroChina PetroChina Company, Limited (simplified Chinese: , Traditional Chinese: ) is a Chinese-owned oil company China National Petroleum Corporation (CNPC), the largest oil producer in China state-owned. The current president is Jiang Jiemin. The company is listed on the Hong Kong and New York and announced plans to issue shares in Shanghai in November 2007 and after his debut in the index of this city, its market value tripled. PetroChina Company Limited ( “PetroChina”) is the largest oil and gas producer and distributor, playing a dominant role in oil and gas industry in China. There is only one of the largest companies with sales revenues in China, but also one of the largest oil companies in the world.PetroChina was established as a limited liability company with China National Petroleum Corporation under the Corporations Act and the Special Regulations on Overseas supply and actions announced by Joint Stock Limited Liability Companies-5 November 1999. American Depositary Shares (ADS) and PetroChina H shares are traded on the New York Stock Exchange on 6 April 2000 (stock code: PTR) and the Stock Exchange of Hong Kong Limited on 7 April 2000 (stock code: 857) respectively. It is listed on Shanghai Stock Exchange on 5 November 2007 (stock code: 601,857). In late 2007, China National Petroleum Corporation owned 86.29 of PetroChina shares.Since inception, PetroChina has established and improved standard of corporate governance structure in accordance with the laws and regulations including the Companies Act and the mandatory provisions for the Articles of Association of Companies for a list of overseas and Articles of Association. The shareholders’ meeting, the Board of Directors and Audit Committee of the Company may operate independently and effectively in accordance with the Articles of Association. PetroChina is committed to becoming an international energy company with strong competitiveness and one of the leading producers and distributors of petroleum and petrochemical products in the world.It is dedicated to the wide range of activities related to oil and natural gas, including: exploration, development, production and marketing of crude oil and natural gas, refining, transportation, storage and marketing of crude oil and petroleum products, the production and marketing of primary petrochemical products, derivative chemical products and other chemicals, transportation of natural gas, crude oil and petroleum refining, and marketing of natural gas. PetroChina, under the guidance of scientific development concept, is dedicated to the implementation of three strategies of resources, markets and internationalization.PetroChina is committed to accelerating the transformation of economic growth, improving self-innovation capability, the establishment of long-efficient mechanism of safety, environmental protection and conservation of energy and creating a harmonious enterprise, to transformed from an international company with strong competitive power. China National Petroleum Corporation (CNPC) is the sole sponsor and shareholder of PetroChina. This is a large petroleum and petrochemical enterprise group, established in July 1998 in accordance with the Plan for the Reform of Organizational Structure of the State Council. CNPC is a state enterprise investment managed by organs authorized by the State and State-owned assets Supervision and Administration Commission. In 2007, PetroChina gained wide recognition in the international capital market for its excellent corporate governance and high profitability.He qualified seventh in “2005 Global Top 50 Oil Companies,” published by the American Petroleum Intelligence Weekly, first in “2006 Top 50 companies in Asia” by Business Week announced, and the sixth of “2006 Global Top 250 companies energy “advertising of Platts, a world authority in the energy sector, primarily in Asia and the Pacific for last 5 years. He was honored as “the first most profitable company in Asia in 2006,” Finance Asia.