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22-01-2019

CNPC says oil and gas output rises 4.5 pct in 2018

China National Petroleum Corp (CNPC) said its oil and gas production rose by 4.5 percent year-on-year to 286.35 million tonnes of oil equivalent in 2018.

* The figure, which includes CNPC’s output both at home and overseas, works out at around 5.73 million barrels of oil equivalent per day, according to Reuters calculations.

* The state-owned company, China’s top oil and gas producer, also said its crude oil processing volumes rose by 4.7 percent from 2017 to 207.31 million tonnes, or 4.15 million barrels per day, while refined product sales were up 9.6 percent at 199.96 million tonnes.

* Natural gas sales were up 13.2 percent at 180.7 billion cubic meters, CNPC said in a report on its website dated Jan. 19.
Source: Reuters

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