Q：What is the progress of the Company's pipeline construction? (January 3, 2019)
A：In 2018, the pipelines under construction mainly included the trunk and branch lines in the northern part of the China-Russia Eastern Gas Pipeline (Heihe-Changling section) and the Fujian-Guangdong branch line of the Third West-East Gas Pipeline (Guangzhou-Chaozhou section)., etc. The trunk and branch lines in the northern part of the China-Russia Eastern Gas Pipeline (Heihe-Changling section), with a total length of 829 kilometers, is expected to be completed in October 2019. The Fujian-Guangdong branch line of the Third West-East Gas Pipeline (Guangzhou-Chaozhou section), with a length of 380 kilometers, is set to be completed and put into operation by the end of 2019. (January 4, 2019)
Q： How does the Company view competition and cooperation with privately-owned refineries? (December 27, 2018)
A：In recent years, the Company has continued to increase investment in Refining & Chemicals and Marketing businesses. As a result, the production deployment is approaching at a reasonable level and the sales capability has steadily improved. In future, the Company will continue to comply with relevant national policies and laws in accordance with the principle of marketization, while executing fair competition and cooperation with other enterprises to ensure mutual benefits to jointly promote an equitable, orderly and healthy development of the refined oil market. (December 28, 2018)
Q：What are the development plans of the Company's non-oil business? Is there any plan for a joint venture or spin-off listing? (December 18, 2018)
A：The Company's non-oil business will focus on the long-term development and adhere to the principle of marketization, specialization, differentiation, integration and standardization. The Company has actively expanded online and offline channels by utilizing the internet and Internet of Things (IoT) technologies. The Company has also innovated non-oil business models, deepened cross-border cooperation, and expanded value-added services, to continuously propel the development of its non-oil business. At present, there is no joint venture plan nor listing plan for the Company's non-oil business. (December 19, 2018)
Q：The operating profit of PetroChina's natural gas and pipeline business in the first three quarters reached RMB19.7 billion, while the net profit turned into a loss of RMB19.9 billion. Could the Company provide specific details and reasons for the loss? What is the profit and loss of natural gas sales, LNG sales, and pipeline operations respectively? (December 13, 2018)
A： Thank you for your interest in PetroChina. Due to the increased natural gas price and a surge in sales volume Y-o-Y, the Company's natural gas and pipeline segment achieved an operating profit of RMB19.719 billion in the first three quarters of 2018, an increase of 9.3% Y-o-Y. On the other hand, due to factors such as the increased volumes of natural gas imports, the imported natural gas and liquefied natural gas (LNG) recorded a net loss of RMB19.957 billion. The RMB19.957 billion loss only refers to the gas import, and the whole natural gas and pipeline segement is profitable. PetroChina has been actively implementing various measures, striving to control the loss of imported gas while actively undertaking social responsibility to meet the domestic natural gas demand. Compared with previous years, the Company achieved better results in loss control. (December 14, 2018)