CNPC increases production

cnpc17 January 2014, News Wires – China National Petroleum Corporation (CNPC) posted a rise in output during 2013, driven mainly by an increase in overseas production.

China’s Xinhua news agency reported the company’s output had risen 10.2%, compared to 2012, to 306.65 million tonnes of oil equivalent.

It added that the increase was largely due to an 18.1% increase, year-on-year, from overseas production which totalled 123 million tonnes of oil equivalent.

CNPC is planning to further increase production this year to 329.67 million tonnes of oil and gas Xinhua reported, citing CNPC general manager Liao Yongyuan.

The news agency also reported that trade volumes from CNPC’s operating centres in Europe, Asia and North America increased 10.9%, compared to 2012, to $266 billion in 2013.


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