Feb. 1, 2007 (China Knowledge) – PetroChina <0857> is considering selling RMB-denominated A-shares on the domestic stock market to raise capital.

Chief financial officer Wang Guoliang said on the sidelines of a conference Wednesday in Shanghai that PetroChina might launch A-shares or issue additional H shares, but the share issue will depend on actual capital needs.

The oil producer, which is China's largest oil company by capacity, expects annual capital spending to exceed RMB 200 billion by 2010. It issued RMB 6.5 billion worth of bonds last year.