Chinese oil, which continues to acquire domestic and foreign assets to expand, has risen sharply today, with a sudden surge in growth in the wake, culminating in a 1.88%-to-8.13 Hong Kong dollar, a 152 million-share deal and an increase of 2.27% to 14.85 yuan in the Chinese oil shares (601857-CN). Or the first half of the parent company's refining and chemical business recorded strong earnings news incentive. The company's parent company, CNPC, announced after last year's full losses in the refinery and chemical industries, thanks to cost cuts and efficiency gains, the two business sectors in the first half of the year recorded not only the highest profit since China's oil market in 2001, but also the main technical and economic indicators, which were higher than the previous year's level. According to market comments, the above information suggests that PetroChina's first-half results are likely to be better than market expectations.
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