JPMorgan Chase has reduced its holdings of 98.27 million PetroChina to HK $1 billion

NetEase Finance January 12 News According to the stock Exchange, PetroChina (00857) on January 6, was reduced by JPMorgan Chase 98.277 million shares, the average price of 10.27 yuan per share, outside the field for 10.26 Yuan, holding H-shares good positions from 5.06% to 4.59%. The total set is now about HK $1 billion.　　According to HKEx's requirement, the shareholding ratio is below 5%, the future reduction will no longer need to declare to HKEx. Jiemin, secretary of CNPC's party group, said the oil production and management situation in the 2010 years was significantly better than expected. 2010 years, the performance of the oil group has increased significantly.　　Including the recovery of crude oil production growth, natural gas continued to grow rapidly, the first product sales breakthrough 100 million tons. The construction of several major strategic channels has been fully developed, located in the north of Central Asia gas pipeline B line, China-Russia crude oil pipeline completed and put into operation, located in the south of China-Burma oil and gas pipeline construction, overseas business scale continues to expand, the Iran-Iraq region and other large-scale oil and gas cooperation projects rapidly advancing, signed a number of cooperation agreements, to build　　For 2011, Jiemin said, the group will continue to promote the development of integrated international energy companies.　　PetroChina has announced plans to set up a joint venture with two companies in the UK's largest petrochemical company in the first half of the year to carry out trade activities and refining operations with the Grangemouth (Grangemouth) refinery in Scotland and the French Lavalle (Lavéra) refinery. Related article: PetroChina drop Europe betting oil refining fear of "chicken" PetroChina said it accounted for 83% of the country's share of natural gas supply