29 Apr : CNPC overseas crude oil output in Q1 up by 13pctYoY

China Knowledge reported that China National Petroleum Corp the largest oil and gas producer and supplier in the country overseas crude oil output in Q1 rose by 12.6%YoY.

The firm overseas natural gas output increased 67%YoY in the period.

The company said last week that it plans to increase the output of Rumaila Oil Field, the largest oil field in Iraq by 10% by the end of this year.

In November, UK based BP Plc and CNPC jointly won a 20 year contract to develop the oil field. At that time, the daily oil output of Rumaila was 1.05 million barrels. Subsequently, the partners agreed to increase the daily oil output to 2.85 million barrels within seven years.

(Sourced from China Knowledge)

To contact MNN staff for this story: Kylin at +86-13408435402 or metalnewsnet@gmail.com

Article: 29 Apr : CNPC overseas crude oil output in Q1 up by 13pctYoY
Keywords: Home - Nickel - Nickel Ore
Channel: Metal - News
Posted: 2010-4-29 8:59:13 by Metalnewsnet
This article comes from Metalnewsnet.com,If you have any questions,Please Click here to contact us.

Visit our Metals News site

Nickel Company Directory

Contact Info

29 Apr : CNPC overseas crude oil output in Q1 up by 13pctYoY

More Related News: