Since the Company is rooted in the society, it is our responsibility to repay the society. Our ultimate goal is promoting overall economic and social advancement and achieving harmony between the enterprise and the society. In 2007, we actively participated in social welfare initiatives with focus on poverty alleviation, educational promotion, disaster relief and environmental protection.

Promotion of Economic Prosperity

The Company could not enjoy such a development without the support of local governments and its people. As a result, the fast development of our main business is also focused on effectively supporting and promoting local economic growth and social development.

Materials and equipment purchase to support the development of relevant industries

In 2007, the Company carried out on-line procurement via the e-business platform to make procurements amounting to RMB21.7 billion yuan. The main materials purchased included:special steel pipe and steel materials for oil and gas production, electronic instruments and meters, mechanical equipments, among others, which stimulated the development of the steel, electronics, mechanical manufacturing and building materials industries.

New oil and gas field development promotes the rise of small towns

In recent years, PetroChina,s new oil and gas fields have been developed one by one. Roads, water, power and communication lines followed our foot steps. The production and living infrastructures around the oil and gas areas were constructed to promote the development of service industries such as restaurants, retail businesses and construction, which consequently created job opportunities and brought prosperity to these small towns.

Refineries and petrochemical industry stimulate local economic growth

In recent years, the Company has regularly launched many new refineries and petrochemical projects on a yearly basis. Besides creating many new job opportunities, the significant increase in refining and chemical products has contributed to the growth of local GDP. Additionally, these projects have broadened local prospects with the potential to extend petrochemical industry chains, build petrochemical zones and develop high value added products.

Enthusiasm for Social Welfare

New model of poverty alleviation by information

Since January 1, 2007, the Company has implemented a poverty alleviation by information project – “PetroChina National Free Advertising for Agricultural Deep Processing” . We purchased 19 advertising slots at CCTV 7 and 12 TV channels in 10 provinces to broadcast information on agricultural deep-processing projects for more than 100 key poverty-alleviation counties, which has benefited 45 counties in 23 provinces, municipalities and autonomous regions. A number of agricultural deep-processing projects funded investments to expand markets and increase the income of farmers. This project has built an “information bridge” for the development of new villages.

Ongoing poverty alleviation in selected areas

The Company is consistently and actively engaged in poverty alleviation projects organized by the government at various levels, having successively carried out poverty alleviation projects in Xinjiang, Tibet, Sichuan, Chongqing, Gansu, Ningxia, Qinghai, Shaanxi, Inner Mongolia, Hebei, Heilongjiang, Jilin, Liaoning, among others. Initiatives included building roads and water channels, laying power and communication lines, donating to education, reconstructing dangerous buildings, relieving disasters, etc.

Disaster relief

“When disaster struck, help came from all sides.” It is not only the virtue of Chinese People, but also the tradition of PetroChina. Whenever a serious natural disaster happens, we will reach out with our helping hands, and immediately send our care,money and materials to the disaster area. In 2007, certain cities and regions of China suffered from serious natural disasters such as flooding, drought, and earthquakes. We took the crises as our responsibility and sent disaster relief funds to Anhui, Shandong, and Chongqing.

Voluntary work

In the communities where PetroChina operates, there are teams of young volunteers formed byour employees helping people all year round. Driven by the spirit of volunteerism - “Dedication, Fraternity, Mutual-aid and Progress” , they carried out volunteer activities such as “Let our frontline workers feel relieved, happy and warm” , “Alleviate poverty and bring warmth to 100 households” , donated to the education plan of “Big hands hold little hands” and the “One helps one” service, all of which rekindled the spirits of Chinese oil worker. In 2007, the Company,s young volunteers developed into 2,600 teams with more than 65,000 members.