PetroChina settles March Jidong, Daqing crude at CNY198/tonne higher

04 March 2013 06:12  [Source: ICIS news]

SINGAPORE (ICIS)--Chinese state-owned oil and gas giant PetroChina has raised its March contract prices by CNY198/tonne for Daqing and Jidong crude to yuan (CNY) 5,949/tonne ($131.00/bbl) for March settlement prices, a company source said on Monday.

The price, which includes taxes, was hiked from February’s settlement to reflect firming crude futures in international markets, the source added.

Daqing and Jidong crude account for 38% of PetroChina’s total crude output in the country.

The company’s March settlement prices for Huabei, Dagang and Changqing crude rose by CNY178-206/tonne, compared with the previous month, the source said.

($1=CNY6.22)


By: Jean Zou
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index