PetroChina (PTR) is a top gainer today as it benefits from the strength of the energy sector as a whole.
PetroChina Company Limited [[PTR]] is up more than 3% in late-day trading – adding more than $6.5 billion in market capitalization to the company.
The energy sector as a whole is up 1.95% on the day, though PetroChina’s gains are greater than competitors like Exxon Mobil Corp. [[XOM]] and BP [[BP]] but slightly behind Petroleo Brasileiro [[PBR]].
The only news to report is that PetroChina’s parent company China National Petroleum Company announced over the weekend that PetroChina will increase crude oil capacity at its Jilin plant by a third to 200,000 barrels per day by late 2010.
Last week, PetroChina reported higher refining profits for the first-half of the year thanks to a relaxing of price controls on diesel and gas by the Chinese government.
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