CNPC Changqing Oilfield Revenue to Top 150 Bln Yuan

China National Petroleum Corporation (CNPC) said its Changqing oilfield has achieved crude oil production of 23.58 million tons and natural gas output of 33.278 billion cubic meters this year as of Dec. 22, the China Securities Journal reported Monday. Oil-gas valent weight is seen at over 50 million tons. The oilfield is expected to see its annual revenue surpass the 150 billion yuan (US$24.79 billion) mark, the report said.

(ejinsight.com, edited by Topco)