PetroChina Company Limited makes formal delivery for the acquisition, through its wholly-owned subsidiary, of 25% interests in the Technical Service Contract (TSC) for West Qurna-1 (“WQ1”) in Iraq held by the subsidiary of ExxonMobil.

The WQ1 oilfield is located about 50km to the northwest of Basra and close to the north of Rumaila field where PetroChina is operating in Iraq.

The entry into this WQ1 project will be beneficial for PetroChina to achieve synergies with its other projects in Iraq and can help the Company to develop a larger and stronger presence in the upstream operations in the Middle East and positively drive the Company to initiate a high-level starting and all-round strategic cooperation with other international oil companies in high-end oil markets.

About Petrochina

PetroChina Company Limited (“PetroChina”) is the largest oil and gas producer and distributor, playing a dominant role in the oil and gas industry in China. It is not only one of the companies with the biggest sales revenue in China, but also one of the largest oil companies in the world. PetroChina was established as a joint stock company with limited liabilities by China National Petroleum Corporation under the Company Law and the Special Regulations on the Overseas Offering and Listing of Shares by Joint Stock Limited Companies on November 5th, 1999. The American Depositary Shares (ADS) and H shares of PetroChina were listed on the New York Stock Exchange on April 6, 2000 (stock code: PTR) and the Stock Exchange of Hong Kong Limited on April 7, 2000 (stock code: 857) respectively. It was listed on Shanghai Stock Exchange on November 5, 2007 (stock code: 601857).

About ExxonMobil

ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources; is the largest refiner and marketer of petroleum products; and its chemical company is one of the largest in the world.