PetroChina Co. may cancel a plan to build a 50 billion-yuan ($7.1 billion) refinery and chemical plant outside Chengdu, near an area struck this week by China's largest earthquake in 58 years.

The nation's biggest oil company will study the proposed site to assess whether it is prone to natural disasters, Chairman Jiang Jiemin said at the company's annual general meeting in Beijing today.

Source: Bloomberg

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