PetroChina raises its game, ups rubber output

Hong Kong – PetroChina Co. Ltd has been impacted by the slow recovery of world economy, weak domestic demand in refined products and a depressed market for chemicals, the group said in a results for the first three quarters of 2014

In response, PetroChina focused on quality, profitability and sustainability to achieved more stable and controlled production and operation. These improvements, it said, resulted in better-than-expected operating results in the first three quarters of 2014.

Developments at the company included a 9.5-percent increase in production of synthetic rubber to 555 kilotonnes in the first quarters of 2014, compared to the same period last year.