PetroChina Breaks Ground on 10 Million T/A Refining Project


On December 30th, 2006 PetroChina Company Limited (PetroChina,
SEHK: 0857; NYSE symbol PTR) announced a groundbreaking for a
new refining project with a capacity of 10 million tons per year
in Qinzhou city, Guangxi Zhuang Autonomous Region, Southwest
China.
   The refining project comprises of ten large-scale main units
which include a 10 million ton per year atmospheric vacuum unit
and the projects comprising of an oil wharf and tank farm. The
main installations boast the largest in China.
   Upon completion, the new plant will provide 7.6 million tons
per year of refined product oil, LPG, polypropylene and other
petrochemicals to southwest China market.
   The Guangxi 10 million t/a refining project is the first of
its kind constructed by PetroChina in southern China. The port
based project will help PetroChina utilize oversea crude oil
more efficiently and further ease the tight supply of product
oils in southwest China, as well as promote local economic and
social development.