12:36     PETROCHINA<00857> - Announcement (5)                                

                                   subject to certain conditions              
                                   as set out in such waiver                  
    `Listing Rules'                the Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `PRC'                          the People's Republic of                   
                                   China                                      
    `Qingyang'                      (Qingyang Ningxia Dayuan                  
                                   Refinery and Petrochemical                 
                                   Company Limited), located in               
                                   Gangsu Province, the PRC, and              
                                   is a wholly owned subsidiary               
                                   of CNPC                                    
    `Refinery and Petrochemical    the petroleum and natural                  
    Businesses'                    gas-related refinery and                   
                                   petrochemical businesses                   
                                   respectively owned by Dayuan               
                                   and Qianyang, which include                
                                   both assets and liabilities                
    `RMB'                          Renminbi, the lawful currency              
                                   of the PRC                                 
    `SASAC'                        the State-owned Assets                     
                                   Supervision Administration                 
                                   Commission of the State                    
                                   Council                                    
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong                                       
                                   Limited                                    
                                                                              
                                                                              
                                                                              
    In this announcement, except as otherwise indicated, RMB has been         
    translated into HK$ at the rate of HK$1 = RMB 1.07 for reference          
    purpose only.                                                             
                                                                              
    By order of the Board                                                     
    PetroChina Company Limited                                                
    Li Huaiqi                                                                 
    Secretary to the Board                                                    
                                                                              
    30 March 2005                                                             
    Beijing, the PRC