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China National Petroleum Corporation sees rapid development of crude oil.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 20 August: China National Petroleum Corporation (CNPC), China's largest oil and gas producer, has reported rapid development of its crude oil production in recent years. In view of the soaring domestic oil demand, CNPC adjusted its strategy this year of guaranteeing the stable output of old oil fields in East China while making rapid development of exploitation and production in newly developed oil fields in west China. A stable output of eastern oil fields is an important issue concerning not only the oil supply of …
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