For the first half of 2008, the exploration and production segment continued to be a profit contributor and recorded an operating profit of CNY130.23 billion, an increase of 35% compared to the same period of 2007.

During the period under review, the chemicals and marketing segment realized increase of production, sales and efficiency, with operating profit of CNY6.71 billion, representing a year-on-year increase of 24.4%.

Zhou Jiping, vice chairman and president of PetroChina, said that since the beginning of 2008, in the face of macroenvironment changes both at home and abroad, PetroChina has firmly adhered to the policy of placing development as its top priority.