SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2004
PETROCHINA COMPANY LIMITED
16 ANDELU, DONGCHENG DISTRICT
BEIJING, THE PEOPLE'S REPUBLIC OF CHINA, 100011
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- )
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PetroChina Company Limited (the "Registrant") is furnishing under the cover
of Form 6-K, an announcement of the Registrant relating to the termination of
the Joint Venture Framework Agreement with respect to the West-East Pipeline
Project.
(LOGO)
(PETROCHINA COMPANY LIMITED IN CHINESE CHARACTERS)
PETROCHINA COMPANY LIMITED
(a joint stock limited company incorporated in the People's Republic of China
with limited liability)
ANNOUNCEMENT
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Reference is made to the announcement of PetroChina dated 4 July 2002 regarding
the Joint Venture Framework Agreement relating to the West-East Pipeline
Project. Terms defined in the said announcement shall have the same meanings
when used herein.
Following discussions with all parties to the Joint Venture Framework Agreement,
PetroChina served a notice to terminate the Joint Venture Framework Agreement on
2 August 2004 in relation to the West-East Pipeline Project.
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Reference is made to the announcement of PetroChina Company Limited
("PETROCHINA") dated 4 July 2002 regarding the Joint Venture Framework Agreement
("JVFA") relating to the West-East Pipeline Project. Terms defined in the said
announcement shall have the same meanings when used herein.
The Board of Directors of PetroChina announces that following good faith
discussions with all parties to the JVFA, the parties have not been able to
reach an agreement on the West-East Pipeline Project. On 2 August 2004,
PetroChina served a termination notice to the parties to the JVFA, and the
parties to the JVFA have agreed to terminate the JVFA. The obligations of all
parties to the JVFA have ceased and no party has any outstanding claims and
obligations against each other save for antecedent breaches following its
termination.
All parties to the JVFA look forward to future co-operation opportunities.
The West-East Pipeline Project is in progress as normal. It is not expected that
the termination of the JVFA will give rise to any adverse impact on PetroChina.
The eastern section of the West-East Pipeline Project at Jingbian, Shaanxi
commenced infusion of natural gas on 1 October 2003 and the commercial supply of
natural gas to Shanghai has commenced since 1 January 2004.
The western section of the West-East Pipeline Project (which extends from
Lunnan, Xinjiang to Jingbian, Shaanxi) has now been linked up. It is expected
that the full line trial operation will commence on 1 October, 2004 and the full
line commercial supply of natural gas for the West-East Pipeline Project will
commence on 1 January 2005.
As at the date of this announcement, the Board of Directors comprises Mr. Chen
Geng as the Chairman, Mr. Jiang Jiemin and Mr. Ren Chuanjun as Vice Chairmen,
Mr. Su Shulin, Mr. Duan Wende and Mr. Wang Fucheng, as executive directors, Mr.
Zheng Hu, Mr. Zhou Jiping, Mr. Gong Huazhang and Mr. Zou Haifeng as
non-executive directors and Mr. Chee-Chen Tung, Mr. Liu Hongru and Mr. Franco
Bernabe as independent non-executive directors.
By order of the Board
PetroChina Company Limited
Li Huaiqi
Company Secretary
Beijing, PRC
4 August 2004
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PetroChina Company Limited
Dated: August 5, 2004 By: /s/ Li Huaiqi
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Name: Li Huaiqi
Title: Company Secretary