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CNPC overseas equity oil, gas output up 10 pct in Q1

April 22, 2019


Abstract : Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10 percent year on year in the first quarter of 2019.

BEIJING, April 21 (Xinhua) -- Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10 percent year on year in the first quarter of 2019.

Production came in at 26.09 million metric tonnes of oil equivalent in Q1, according to the international branch of CNPC, the country's largest oil and gas producer and supplier.

The stable growth of oil and gas output is due to efforts made in enhancing quality, lowering cost and increasing efficiency, CNPC said.

The listed firm has announced to focus on high-quality development of its overseas oil and gas operations, and reach its annual targets.

The state-owned oil firm started overseas production in 1993.

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