Sinopec Reports 0.4% Rise In 2011 Crude Oil Output

China Petroleum & Chemical Corp

reported a 0.4% in 2011 crude oil output. Sinopec also reported a 16.8% surge in 2011 natural gas output. Last year, Sinopec discovered 81.4% more natural gas reserves and 29% more crude reserves than in 2010. Sinopec's refinery rates and output of refined oil products gained 2.7%. Sinopec's shares gained 5.10% to close at $115.50 yesterday.