The oil within the news: October IPO400 billion A share listing.

<P>: Http:// telecommunications, media news release yesterday, the oil company executives said in October this year, the Group plans listing shares in the A, to raise funds at least 400 billion yuan. .Contact this reporter on this message to the Petroleum Corporation and the Hong Kong listed company, but they all declined to comment on this news. .</ P> <P> the news that the new shares will be priced reference to Hong Kong-listed shares of PetroChina (0857.HK) shares, guide price of about 10. .Yesterday's closing stock price of 10.92 Hong Kong dollars. .</ P> <P> as a super-large-cap stocks, the oil of the "returnees" process has been much market attention. .CNPC in June, announced in Shanghai Stock Exchange issued no more than 40 million shares, the company has hired China International Capital Co., Ltd., CITIC Securities, and UBS Securities as underwriters. .The company will be held in the Aug. 22 IPO shareholders to consider the motion. .And the Commission has submitted the draft on Friday. .</ P> <P> PetroChina shares in 2006 a turnover of 688.98 billion yuan, representing an increase of 24.8%; annual net profit of 142.2 billion yuan, an increase of 6.6%, once again set record profits since its listing. .Oil and gas production last year increased by 5.2% year on year, a record high at the same time, the company's average realized price of crude oil throughout the year $ 59.76 per barrel, representing a growth of 23.55% in 2005, realized oil price increased by 24%, so reelection, "the most profitable in Asia .company. " .The first half of this year, the company remains the main indicators of steady growth in business. .</ P> <P> in May announced the discovery of reserves of 10.2 billion tons of super-large oil field, the market value of oil surged to 1.81 trillion Hong Kong dollars, in one fell swoop than HSBC Holdings and Industrial and Commercial Bank, dominate the A, H two markets. .Some foreign investment banks are expected in the next few years, crude oil production will be steady growth into a strong growth is expected to surpass even the world's largest oil company Exxon Mobil, the world's largest listed oil company. .</ P> <P> </ P>.