China National Petroleum Corporation (CNPC), with 69 cooperative
projects developed in 26 countries so far, will strive for new
progress in 2008 in overseas oil and gas prospecting to increase
reserves under its control.
With advanced technologies and refined prospecting, the
country's largest oil and gas producer is confident in discovering
new oil and gas fields, as well as accelerating oil output,
refining and piping, CNPC General Manager Jiang Jiemin said in a
new year address.
The company aims "to maintain a sustainable development of
overseas business while keeping a high speed growth in domestic oil
and gas output," he was quoted by Xinhua's Shanghai Security
News Thursday as saying.
CNPC is in a stage of continued growth in oil and gas reserves,
Jiang said, pledging that in five to eight years from now, the
company will try to maintain this upward trend.
Its overseas projects have been extended to Africa, Central
Asia, the Middle East, America and the Asia-Pacific region.
In 2007 China's oil output was projected to be at 186 million
tonnes, up 1.5 percent year-on-year, while 47 percent of the
country's oil consumption relied on imports.
(Xinhua News Agency January 4, 2008)
