In the future, PetroChina has two major business goals. The first goal is to cover the growing energy demand of China and the second one is to strengthen its international presence. Therefore, PetroChina is willing to invest about USD 60 bn in acquisitions and other foreign investments in the near future. By doing so, the focus of interest is set to Central Asia, East Africa, Australia and Canada. In the next five to eight years PetraChina wants to boost its overseas oil and gas output up to 50 percent. At present, the foreign oil and gas output accounts for only nine percent.