PetroChina's Strategic Shift: Phase Out Older Units

PetroChinas stock surged by over eight percent in Hong Kong trading, following the companys announcement to phase out nineteen older refining and chemical units. This strategic move aims to address overcapacity issues and aligns with broader trends towards more efficient and sustainable practices in the domestic chemical industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.