PetroChina plans biggest capital expenditure in four years

Beijing — PetroChina, Asia’s largest oil and gas producer, plans to boost capital spending to 300 billion yuan ($45 billion) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in expenditure to a near-record level came as PetroChina pledged to ramp up oil and … More »