PetroChina Company Limited, the listed subsidiary of the country's largest oil producer China National Petroleum Corporation (CNPC), announced on Monday its oil and gas output in the first nine months reached 828 million barrels of oil equivalent, up 4.3 percent from a year earlier.
In the first nine months, PetroChina produced 632 million barrels of crude oil, up 0.9 percent on the same period last year,and about 1.18 trillion cubic feet of marketable natural gas, up 16.8 percent.
Its crude oil output in the third quarter alone was 212 million barrels, with that of marketable natural gas hitting 378.1 billion cubic feet.
PetroChina's average price for crude oil stood at 60.94 U.S. dollars per barrel over the first nine months, down 56 cents per barrel from a year ago.
In the same period, the company also processed a total of 611 million barrels of crude oil, an increase of 30.4 million barrels from the same period in 2006.
Its diesel production reached 35.5 million tons, up 7.9 percent. The company also produced 16.1 million tons of gasoline, down 0.9 percent, along with 1.53 million tons of kerosene, down 2.3 percent.
The company processed 203 million barrels of crude oil, and produced 5.43 million tons of gasoline, 11.61 million tons of diesel and 0.54 million tons of kerosene in the third quarter alone.
PetroChina witnessed a relatively high growth in the production of high value-added chemical products such as ethylene in the first nine months.
It produced 1.89 million tons of ethylene, 2.9 million tons of synthetic resin and 1.1 million tons of synthetic fibre raw materials and polymer, increases of 24.2 percent, 28.5 percent, and 22 percent respectively.
By the end of September it had 18,846 service stations, 912 more than last year.
The New York and Hong Kong-listed company is waiting for its upcoming domestic IPO to sell up to four billion A shares on the Shanghai Stock Exchange. The IPO plan was approved by China's securities watchdog in September.
Source:Xinhua
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