PetroChina International Co., Ltd is the specialized trading arm of PetroChina Company Limited (PetroChina). Under the leadership of PetroChina, along with our passion to excellence, the company has experienced a rapid, healthy, and sustainable development since day one. Throughout the years, we have maintained a high growth rate in terms of trading volume, revenue, and net profit; we have preserved and appreciated the value of company assets; and we have created and established a team of exceptional talents who are committed to face dynamic global market challenges with a touch of utmost professionalism. On behalf of the management team, I would like to take this opportunity to express our gratitude to those friends at home and abroad for your kind and everlasting support.

Based on the solid strength and the integrated advantages of PetroChina, we have achieved a scale, effective and sustainable development over years, enabled by sticking to our five major strategies to strengthen our core business, to expand with moderate paces, to improve capital efficiency, to pursuit innovation, to lower operational cost and continuously improving our business structure.

Under the integrated management of PetroChina group, we conduct our operation on crude oil, refined products，natural gas, petrochemicals, clean development mechanism (CDM) projects and other oil related international trade and are responsible for the operational management and construction of oil processing, terminal storage facilities and retail networks except projects of oil exploration and production.

We consistently strive to run our business under standardized management to control risk and ensure safety through setting up and perfecting rules and regulations, strengthening fundamental management, continuously improving the internal risk control management, extending the management authorization and strictly enforcing the business front, middle and back office management to ensure the quality of our operations and achieve safety.

Directed by PetroChina’s goal of building up an integrated international energy company, we will fully implement the scientific concept of development; in accordance with the general requirement of “scale, effective and sustainable development” and adhere to the policy of “Think out of Box; Exert Competitive Advantages, Manage risks, Expedite Development”. We aim to build up a comprehensive international energy trading company corresponding with PetroChina’s goal. To achieve this, we will strive to develop the international energy market, to increase access to international oil resources, to expand operational scale, to enhance secured supply, to improve operational quality, and to fully implement the political, economical and social responsibility.