SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 6-K


                            REPORT OF FOREIGN ISSUER


                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                          For the month of August 2005



                           PETROCHINA COMPANY LIMITED


                          16 ANDELU, DONGCHENG DISTRICT
                 BEIJING, THE PEOPLE'S REPUBLIC OF CHINA, 100011
                    (Address of Principal Executive Offices)

     (Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)

     Form 20-F  X   Form 40-F    
               ---            ---


     (Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)

     Yes      No  X 
         ---     ---


     (If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-       )
                                                 -------


     PetroChina Company Limited (the "Registrant") is furnishing under the cover
of Form 6-K the Registrant's press release with respect to its placing of H
shares.


(PETROCHINA PRESS RELEASE LETTERHEAD)

August 31, 2005
--------------------------------------------------------------------------------

PLACING OF H SHARES

PetroChina Company Limited (SEHK stock code: 0857; NYSE: PTR) announces that,
following a request made by the Company to The Stock Exchange of Hong Kong
Limited, trading in H shares has been suspended with effect from 9:30 a.m. on 31
August 2005. The Company will be issuing a formal announcement regarding a
possible placing of H shares under the general mandate granted to the Board of
Directors at the annual general meeting of the Company on 26 May 2005 to issue
up to 20% of the aggregate nominal amount of the Company's H shares in issue on
that date, being not exceeding 3,516,483,600 H shares.

The details of the intended stabilization and how it will be regulated under the
Hong Kong Securities and Futures Ordinance will be contained in the press
announcement to be issued regarding the placing.

The securities to be offered in this placing of H shares have not been and will
not be registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.




                                    SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                             PetroChina Company Limited



Dated: August 31, 2005                       By: /s/ Li Huaiqi 
                                                 -------------------------------
                                             Name:  Li Huaiqi
                                             Title: Company Secretary