Market Overview

China National Petroleum Lifts Production Of Crude Oil By 2%

China National Petroleum Corp lifted its production of crude oil by 2% and natural gas by 4.1% in 2011 versus a year-ago period.

CNPC produced 107.54 million metric tons of crude oil in 2011, a rise of 2.13 million tons from 2010. It produced 75.5 billion cubic meters of natural gas in 2011, up 3 billion cubic meters versus a year-ago period.

CNPC is the parent of listed PetroChina Co (NYSE: PTR).

PTR shares gained 5.69% to close at $131.38 yesterday.

Posted-In: Production Of Crude OilNews

 

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