trending Market Intelligence /marketintelligence/en/news-insights/trending/3R56Rkbo-ujJCH5FdMwAag2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: PetroChina seeks foothold in emerging markets

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

Trade Payment Risk Is Not Necessarily Default Risk

China COVID-19 Trends In TV, Video

Essential Metals & Mining Insights - August 2020

Report: PetroChina seeks foothold in emerging markets

PetroChina Co. Ltd.'s oil and gas trading arm plans to set up business in West Africa, Brazil and Pakistan by acquiring petrol stations and fuel storage facilities in these countries as part of a major global expansion drive, Reuters reported Dec. 18, citing "three senior oil industry executives briefed on the plans."

PetroChina aims to gain a foothold in the emerging markets and grow market share locally, sourcing fuel supplies from its refineries. It also aims to take on its international rivals Vitol and Trafigura, which have recently spent billions to buy up gas stations in Pakistan, Turkey and Africa, the report said.

The new investments are expected to start in 2018. The executives did not disclose how much PetroChina will invest.

The expansion drive is led by Tian Jinghui, a vice president at PetroChina, who took over the helm at Chinaoil, PetroChina's trading vehicle. PetroChina, is a listed unit of China National Petroleum Corp. and Asia's largest oil and gas producer, said Reuters.

Demand for fuel in the target regions is growing faster than the global average, the executives said. In West Africa, PetroChina has marked out Nigeria and Angola, they said.

Li Li, energy research director at ICIS China, a consulting company providing energy market analysis, said the business expansion in PetroChina's target markets aligns with the investment plans under Chinese President Xi Jinping's Belt and Road Initiative, China Daily reported Dec. 20.