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.


By: Jean Zou
+65 6780 4359

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