SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2008
PETROCHINA COMPANY LIMITED
16 ANDELU, DONGCHENG DISTRICT
BEIJING, THE PEOPLE'S REPUBLIC OF CHINA, 100011
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- )
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PetroChina Company Limited (the "Registrant") is furnishing under the cover
of Form 6-K the Registrant's announcement on financial support measures by the
Chinese government to ensure supply of crude oil and refined products.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this announcement to be signed on its behalf by the
undersigned, thereunto duly authorized.
PetroChina Company Limited
Dated: April 21, 2008 By: /s/ Li Huaiqi
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Name: Li Huaiqi
Title: Company Secretary
(COMPANY LOGO)
(CHINESE CHARACTERS)
PETROCHINA COMPANY LIMITED
(a joint stock limited company incorporated in the People's Republic of China
with limited liability)
(STOCK CODE: 857)
ANNOUNCEMENT ON FINANCIAL SUPPORT MEASURES BY THE STATE
TO ENSURE SUPPLY OF CRUDE OIL AND REFINED PRODUCTS
PetroChina Company Limited (the "Company") and all members of its board of
directors warrant the truthfulness, accuracy and completeness of the information
contained in this announcement, and jointly and severally accept full
responsibility for any misrepresentation, misleading statements or material
omission contained in this announcement.
This announcement is made pursuant to Rule 13.09 of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited and Rule 11.8.3
of the Listing Rules of the Shanghai Stock Exchange.
Since the beginning of this year, international crude oil prices have been
surging, while domestic refined product prices have been subject to tight
control in the People's Republic of China (the "PRC"). Under these
circumstances, the Company has upheld the principle of scientific organization,
strengthened management and implemented measures pro-actively to endeavour to
ensure supply of refined products in the market.
Recently, the Company has been notified by the Ministry of Finance of the PRC
that in order to ensure supply of crude oil and refined products in the market,
the following financial support measures will be implemented:
1. Commencing from 1 April 2008, the Ministry of Finance of the PRC will
provide appropriate level of subsidy against losses sustained as a result
of the refining and processing of imported crude oil. The subsidy will be
granted and settled on a monthly basis.
2. Refund of the full amount of the value-added tax levied on imported refined
products will be implemented in the second quarter of 2008.
By Order of the Board
PETROCHINA COMPANY LIMITED
LI HUAIQI
Secretary to the Board
Beijing, the PRC
21 April 2008
As at the date of this announcement, the Board comprises Mr. Jiang Jiemin as the
Chairman; Mr. Duan Wende as the executive Director; Mr. Zheng Hu, Mr. Zhou
Jiping, Mr. Wang Yilin, Mr. Zeng Yukang, Mr. Gong Huazhang and Mr. Jiang Fan as
non-executive Directors; and Mr. Chee-Chen Tung, Mr. Liu Hongru and Mr. Franco
Bernabe as independent non-executive Directors.