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Buffett further cuts petrochina stake Investor warren buffett further reduced his stake in the listed shares of petrochina co.To 7.99 percent from 8.21 percent, according to a filing to the Hong Kong stock exchange Friday. Human rights activists and some investors have moncler clothing urged buffett to cut ties with petrochina because of the company's investments in sudan, where four years of bloodshed have left 200, 000 people dead. Petrochina's parent, china national petroleum corp., signed a 20year oil deal with Sudan in June which activists believe helps Sudanese leaders resist pressure over Darfur. This was the fourth time since july the omahabased company has publicly disclosed its sales of listed shares in petrochina the biggest listed chinese oil and gas producer by output. The latest sale came on sept.13 when Buffett's Berkshire Hathaway sold 45.14 million PetroChina H shares at an average price of HK$11.26 each, the document showed.The total sale was worth moncler t shirt women around hk$508.3 million($65.48 million). Analysts said they were not surprised buffett sold down petrochina shares to lock in profits.Shares of petrochina friday ended 4.8 percent moncler coats men at record HK$14.74. "I expect buffett will continue to sell down its stake in petrochina to take profits, given crude oil price is this high,"Said duncan chan, an analyst at china construction bank international securities ltd. Oil prices rose back above $83 a barrel friday, near record highs. Under hong kong exchange regulation, only reduction or increase of shares across a whole percentage number needs to be moncler down jackets outlet reported to the exchange.In between the disclosed sales, berkshire hathaway has apparently been cutting its share capital holding in the company in sales that do not require disclosure. Despite the recent share sales, berkshire hathaway remains petrochina's secondlargest shareholder, after the company's unlisted stateowned parent, china national petroleum corp.