PDF《中国石油天然气股份有限公司》

105 million tons of refined oil products, up 13.6% year-on-year, and 5.569 million tons of ethylene, down 3.4% year-on-year. The refinery unit cash processing cost was RMB169.38 per ton, which was basically at the same level as last year. The Company continued to enhance its marketing capabilities, resulting in a steady increase in sales of refined oil products, optimized sales structure and improved marketing network. Sales of gasoline, kerosene and diesel reached

177 million tons, up 4.7% year-on- year. The Natural Gas and Pipeline segment recorded increases in both sales volume and profits with a double-digit growth in sales volume of domestic natural gas and higher proportion of high-end markets. Key projects such as

24 pipeline interconnection projects were completed and put into operation. Sales of natural gas reached 216.754 billion cubic meter, up 8.9% year-on-year. Of which, domestic sales of natural gas reached 159.553 billion cubic meter, up 19.6% year-on-year. Consolidated the foundation of high-quality development by continuously deepening reforms and strengthening risk management. In 2018, the Company pushed forward major reforms in a steady and precise manner, proceeded with internal transfer of mining rights, adjusted the management mechanism of natural gas sales and storage, and improved the market-oriented mechanism for the internal business and the integrated appraisal mechanism for refining, sales and trading business chain. Those measures effectively stimulated initiatives for staffs across different levels. Technology and management innovation yielded new achievements. The Company obtained a batch of landmark achievements and national-level awards in terms of technological research and development, made progress in informatization build-up, and further improved its management efficiency and profitability. Meanwhile, the Company emphasized safety and environmental conservation, as well as risk management, to consolidate the foundation of high-quality development. It promoted safe production and green development in a solid manner, deepened the review of its HSE system, tightened the safety management in key areas and strengthened the control of greenhouse gas. With those measures, the Company maintained a stable safety and environmental situation. The Company's stable and sound financial position was also attributed to efforts of enhancing its risk prevention and management measures, intensifying practice of responsibility, and strictly controlling investment, debt and capital risks. Future Outlook Looking ahead in 2019, PetroChina will continue to adhere to the principle of steady development, place more focus on developing its core business, enhancing cooperation and partnership, accelerating the reform and innovation, and consolidating the foundation of development, to develop itself into a top class international energy company and generate better returns for its shareholders. ### Additional information on PetroChina is available at the Company's website: http://www.petrochina.com.cn Issued by PetroChina Company Limited For further information, please contact: PetroChina Company Limited PR Agency (Overseas media): Hill+Knowlton Strategies Fax: (852)

2576 1990 Renee Chen Tel: (852)

2894 6228 E-mail: renee.chen@hkstrategies.com PR Agency (Domestic media): EverBloom Investment Consulting Lt. Co. Fax: (8610)

8562 3181 Liu Ping Tel: (8610)

5166 3828 E-mail: ping.liu@everbloom.com.cn