The crude oil needed by PetroChina is fully exploited at home and abroad. In 2007, the crude oil output of PetroChina was 654.38+037624 million tons, while the crude oil processing capacity was only 654.38+030884 million tons, so there was no need to import it at all!

As for the recent global financial turmoil leading to a sharp drop in global crude oil demand and a sharp drop in international crude oil prices, I think this will put great pressure on the operation of PetroChina. The reason is simple: the crude oil needed by PetroChina is entirely self-produced, and the sharp drop in international oil prices has not reduced its production costs. On the contrary, it is an inevitable trend that the prices of refined oil and petrochemical products will fall due to the drop in oil prices, so it is inevitable that the profits of enterprises will fall without reducing costs and the prices of products produced!