The company sold oil at $33.9 a barrel against $27.2 a barrel in 2003, driven by the spike in international oil prices.
The realized gas price rose to US$2 per 1,000 cubic feet, compared to US$1.95 in 2003.
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PetroChina Cut The Record
PetroChina, the Chinese largest oil and gas producer, announced its last year oil and gas production was record
PetroChina, the Chinese largest oil and gas producer, announced its last year oil and gas production was record, boosted by the country's permanently growing oil demand.
The company?s oil and gas production rose 3.1 per cent year-on-year to 917.9 million barrels of oil equivalent, with gas production mainly responsible for the rise. The oil output inched up 0.4 per cent to 777.9 million barrels last year.
Meanwhile gas production jumped 21.4 per cent to 839.4 billion cubic feet as the company promoted gas production and usage.
The company sold oil at $33.9 a barrel against $27.2 a barrel in 2003, driven by the spike in international oil prices.
The realized gas price rose to US$2 per 1,000 cubic feet, compared to US$1.95 in 2003.
The company sold oil at $33.9 a barrel against $27.2 a barrel in 2003, driven by the spike in international oil prices.
The realized gas price rose to US$2 per 1,000 cubic feet, compared to US$1.95 in 2003.
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