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PetroChina Company Limited, together with its subsidiaries, produces and distributes oil and gas in the People's Republic of China. It operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Exploration and Production segment is involved in the exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment engages in the marketing of refined products through a network of 20,714 service stations, as well as in trading business. The Natural Gas and Pipeline segment is involved in the transmission of natural gas, crude oil, and refined products; and the sale of natural gas. As of December 31, 2015, it had oil and gas pipelines of 77,612 km consisting of 48,629 km of natural gas pipelines, 18,892 km of crude oil pipelines, and 10,091 km of refined product pipelines. The company was founded in 1988 and is based in Beijing, the People's Republic of China. PetroChina Company Limited operates as a subsidiary of China National Petroleum Corporation.
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