(Bloomberg) -- Shares of PetroChina Co., the nation's top oil producer, jumped after the company announced China's biggest discovery in half a century.
The stock climbed as much as 16.4 percent, the largest gain since the company's initial public offering in 2000 and giving the group a market value of HK$1.82 trillion ($232.7 billion). The deposit in northeastern China's Bohai Bay has an estimated 1.02 billion metric tons of oil equivalent (about 7.5 billion barrels), Beijing-based PetroChina said in a statement yesterday.
Read more at Bloomberg Emerging Markets News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment