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Nikkei Markets

PetroChina reviewing capex, output goals on oil's plunge

Asset injection into PipeChina won't affect business continuity

PetroChina, an integrated energy company that also has a presence in refining, fuel marketing and gas distribution, produced 909.3 million barrels of oil last year.   © Reuters

HONG KONG (Nikkei Markets) -- PetroChina signaled on Thursday that it was still in a wait-and-watch mode with regards to its targeted capital expenditure and production goals for 2020 following the historic plunge in oil prices that have begun to hurt its financial performance.

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