China National Petroleum Corporation

CNPC lifts output in good times

PUBLISHED : Friday, 15 October, 1999, 12:00am
UPDATED : Friday, 15 October, 1999, 12:00am

China National Petroleum Corp (CNPC), the mainland's largest oil company, has lifted crude oil output by 0.4 per cent to 80.5 million tonnes in the first nine months of this year as it took advantage of higher oil prices. CNPC's natural-gas production rose 10.4 per cent to 11.9 billion cubic feet. It produced more oil and natural gas because of higher prices and improved demand.