PetroChina parent seeks boosting cooperation with China Mobile

PetroChina parent seeks boosting cooperation with China Mobile

PetroChina Company Limited, a subsidiary of China National Petroleum Corporation (CNPC), has been actively expanding its operations and partnerships in the energy sector. On August 26, 2025, PetroChina agreed to acquire Liaohe Oilfield (Panjin) Gas Storage Co., Ltd. from Liaohe Petroleum Exploration Bureau Co., Ltd. for CNY 13.0 billion [2]. This acquisition, along with previous deals for Chongqing Xiangguosi Storage Co., Ltd. and Xinjiang Oilfield Gas Storage Co., Ltd., underscores the company's strategic focus on securing key energy infrastructure assets.

In parallel, PetroChina is exploring opportunities to bolster its cooperation with China Mobile. The recent surge in Baidu's stock, driven by its AI and semiconductor initiatives, has drawn attention to the potential for synergy between energy and technology sectors [3]. Baidu's Kunlunxin subsidiary secured a $139 million AI chip order from China Mobile, highlighting the growing demand for domestic AI solutions and reducing reliance on foreign GPU technology. This trend aligns with China's broader tech self-sufficiency goals.

While the specific details of PetroChina's cooperation with China Mobile are not yet disclosed, the trend suggests a strategic shift towards integrating advanced technologies into energy operations. Such collaborations could enhance operational efficiency, innovation, and competitiveness in the global energy market. As PetroChina continues to expand its portfolio and explore strategic partnerships, investors will be watching closely for further developments that could impact the company's future growth prospects.

References:
[1] https://finance.yahoo.com/quote/0857.HK/
[2] https://www.marketscreener.com/news/petrochina-company-limited-agreed-to-acquire-liaohe-oilfield-gas-storage-co-ltd-from-liaohe-petro-ce7c50d9df8df12d
[3] https://www.ainvest.com/news/baidu-surges-4-76-1-03b-trading-boom-ai-chips-power-69th-market-activity-rank-2508/