PetroChina plots $32bn development drive, downplays Iran impact
Iran tensions
As supply risks flare, Chinese energy majors face double-edged sword
An attendant holds a nozzle after refueling a car at a PetroChina gas station in Beijing on March 10. © Reuters
WATARU SUZUKI
March 30, 2026 14:19 JST
Updated on March 30, 2026 20:14 JST
HONG KONG — PetroChina on Monday downplayed the impact of the Middle East conflict on its oil, gas and chemicals supply, as the state oil major laid out plans to lift spending on resource exploration and development.
