PetroChina announces acquisition

PetroChina Company Limited announced that it has agreed to acquire the Refined Products Sales Assets and Business from China National Petroleum Corp. (CNPC). The Refined Products Sales Assets and Business mainly comprise of 208 units of service stations and 25 units of oil tanks, which included equity interests in the following eight companies whose principal businesses are refining and marketing of refined products: 15.67% interest in Zhongyou Beijing Sales Company Limited; 35.64% interest in Shanghai Oil and Gas Bailianjing Service Station Company Limited; 49% interest in Shanghai Zhongyou Oil and Gas Enterprise Company Limited; 75% interest in Shanghai Zhongyou Taihe Service Station Company Limited; 100% interest in Dalian Economic and Technology Development Zone LPG and Petroleum General Company; 100% interest in Hebei Zhongyou Sales Company Limited; 100% interest in Beijing Huayou Petroleum Company Limited and 100% interest in Tianjin Huabei New Petroleum Technologies Development Enterprise General Company. (June 11, 2008)