PetroChina Jinxi Petrochemical to Begin Construction of Huludao Refining Project

BEIJING--September 13, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--PetroChina Company Limited (NYSE:PTR) (Beijing) subsidiary PetroChina Jinxi Petrochemical Company's (Huludao, Liaoning) 214,000-barrel-per-day (BBL/d) refining project has received the evaluation report issued by China International Engineering Consulting Corporation (CIECC) (Beijing), which the central government assigned as consultant for key investment projects in China. The report was submitted to the National Development and Reform Commission (NDRC) for project approval on August 31, 2010. This indicates that the refining project is ready to kick off shortly, according to the Development and Reform Commission of Huludao city.