What is the significance of the age of PetroChina's oil fields mentioned in the text?
PetroChina Flags $1.5 Billion Writedown as Profit Doubles
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The video discusses the factors driving PetroChina's profits, primarily the increase in oil prices and asset write-downs. It also examines the market's reaction to PetroChina's share price, focusing on concerns about the valuation of its pipeline assets. Additionally, the video covers Sinopec's trading losses and the expected profit jump due to upstream gains.
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What are the expectations for Sinopec's profit jump in the upcoming year?
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