InfoAnda - PetroChina to double annual joint output by 2015

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World PetroChina to double annual joint output by 2015 AFP - Wednesday, December 9 Send IM Story Print PetroChina to double annual joint output by 2015 Slideshow: Full Photo Coverage: Business & Economy BEIJING (AFP) - – China National Petroleum Corp (CNPC), the country's top oil producer, said Tuesday its listed arm aims to increase its capacity on joint venture projects to 15 million tonnes a year by 2015. The target for PetroChina Co is more than double the 6.57 million tonnes of oil equivalent its 23 joint oil and gas projects with foreign companies produced last year, CNPC said in a statement. Such joint projects represent a fraction of the total 165.2 million tonnes of oil equivalent PetroChina produced last year, according to the company's annual report. Shanghai-listed PetroChina had signed contracts with 48 foreign oil companies in 12 countries as of the end of 2008. One of those projects, the Changbei gas field in northern Shaanxi province, a joint venture between PetroChina and Royal Dutch Shell PLC, reached its production capacity of three billion cubic metres late last year, two years ahead of schedule. The Dagang Zhaodong oil project between PetroChina and Australia's Roc Oil Co in the shallow waters of Bohai Bay in northern China has maintained annual crude oil output above one million tonnes for six years. PetroChina is also working with Chevron Corp to develop the high-sulphur Chuandongbei block in southwest Sichuan province. Recommend Send IM Story Print Related Articles New York Times says print ad decline moderating AP - 51 minutes ago Utah NBDL owner apologizes for Jordan hoax AP - 54 minutes ago Kroger reports $875M 3Q loss on writedown AP - 1 hour 1 minute ago Anthony's lawyer says he'll refile lawsuit AP - 1 hour 9 minutes ago Moody's US credit warning spooks world markets AP - 1 hour 12 minutes ago News Search Top Stories Haggling begins at UN climate talks Virgin unveils spaceship to offer space tourism Bernanke says recovery fragile, signals rates on hold India, Russia sign deals on nuclear energy, defence German industrial orders post surprise drop More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Dubai stock market slumps Virgin unveils spaceship to offer space tourism 'I'm A Celebrity' TV stars charged over rat risotto British Grand Prix saved Tiger's woes played for TV laughs in spoof More Most Viewed » Global stocks mixed amid Dubai debt crisis Tiny magnetic discs could kill cancer cells: study Alcohol helps cut heart disease risk for men: study Mankind using Earth's resources at alarming rate Dubai blackout over debt plans to hit Gulf markets More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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