CNPC's Overseas Investment Totals Nearly 60 Billion Yuan
Posted on: Wednesday, 18 January 2006, 09:01 CST
CNPC's overseas investment totals nearly 60 billion yuan
BEIJING, Jan. 17 (Xinhua) -- The accumulated overseas investment of China National Petroleum Corporation (CNPC), China's largest oil and gas producer, came to 59.6 billion yuan (7.39 billion U.S. dollars), the overseas edition of the People's Daily has said.
Besides, CNPC's proven oil reserves increased by 1.48 billion tons, and oil and natural gas production capacity reached 50 million tons, the report said on Monday.
The group has established five oil and natural gas production bases in Africa, central Asia, America, the Asian and Pacific region and the Middle East.
The CNPC witnessed a fast growth in overseas oil and natural gas production in 2005, with crude oil output amounting to 35.82 million tons, and natural gas output 4.02 billion cubic meters.
Source: Xinhua News Agency - CEIS
Related Articles
- Titan Oil and Gas Projects $308,000 Monthly From Production Revenue for Crows Run Oil Field
- Titan Oil and Gas Ends Eberle Connection Delays While Preparing for Production
- Fima to Acquire 24 Oil and Gas Leases in New Mexico
- Timken Adds Oil and Gas Drilling, Extraction Products to Growing Steel Energy Portfolio
- PetroSun Oil and Gas Division Announces 2008 Domestic Exploration and Development Program
- Research and Markets: Unique Insight into the Major Oil and Gas Assets of A.P. Moller - Maersk A/S Oil
- Aker Kvaerner and IBM in Alliance for Condition Based Maintenance in Oil and Gas Industry
- Delta Oil &Amp; Gas Provides Operational Update: Production to Commence Shortly
- Penn Virginia Announces 2006 Oil and Gas Capital Budget and Production Target
- Petrol Oil and Gas Comments on Source Capital Group's Strong Buy Recommendation
 |
 |
User Comments (0)
RSS Feeds