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The construction of the West–East Gas Pipeline started in 2002. The pipeline was put into trial operation on 1 October 2004, and the full commercial supply of natural gas commenced on 1 January 2005. The pipeline is owned and operated by PetroChina West–East Gas Pipeline Company, a subsidiary of PetroChina.
CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC.In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, refining and marketing, chemicals and natural gas businesses.
Higher oil and gas production and drop in lifting costs helped PetroChina's (PTR) exploration and production unit profit surge 32.9% during the nine months ended Sep 30, 2019.
From 2004, the company plans to cut its crude oil output by an annual 7% for the next seven years to extend the life of Daqing. [ 8 ] Output of barrels of oil equivalent of the Daqing Field remained stable at over 40 million tons in 2012, while output at Changqing oil field was over 42 million tons, making it the most productive oil and gas ...
With a market capitalization of HK$1.6t, PetroChina Company Limited (HKG:857) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big stocks ...
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In 2020, it passed the 60 million ton mark in annual production (24.52 million tons of crude oil output). 50 cities in China rely on this oil field. By 2020, Changqing had also produced a total of 468.6 billion cubic meters of natural gas. [4] [6] In 2013, Changqing had passed the 50 million mark in annual production (23.58 million tons of ...
Rumaila Operating Organization was founded by BP, PetroChina, the State Oil Marketing Organization (SOMO) and Basra Oil Company (BOC) (formerly South Oil Company (SOC)) in order to operate the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq, [1] which was discovered in 1953 and has been in operation since 1954, with extensive exploration and production since the late ...