Beijing based PetroChina Company Limited (PetroChina) announced that it recorded healthy growth in the third quarter of 2005. All business segments continue to maintain stable operation, with major operational indicators exceeding those achieved in the same period of last year.
In the third quarter of 2005, the Company continued to increase crude oil and natural gas production, with crude oil output reaching 198.8 million barrels and marketable natural gas output achieving 257 billion cubic feet.
During the first three quarters of 2005, the Company saw steady growth in oil and gas production as its accumulated total output having reached 722 million barrels of oil equivalent, representing an increase of 36.3 million barrels, or 5.3 percent from the same period in 2004.
Crude oil output amounted to an accumulated 595 million barrels, representing an increase of 1.7 percent from the same period last year, while the accumulated output of marketable natural gas reached 763.3 billion cubic feet, representing an increase of 26.1 percent from the same period in 2004.
During the third quarter of 2005, the Company endeavored to run its refining facilities at full capacity while ensuring production safety and optimizing resources allocation. The Company processed 184 million barrels of crude oil, produced 5.21 million tons of gasoline, 10.687 million tons of diesel and 572,000 tons of kerosene.
During the first three quarters of 2005, the Company processed an accumulated 563 million barrels of crude oil, representing an increase of 35.30 million barrels or 6.7 percent from the same period in 2004.
PetroChina Company Limited
marketing@alchempro.com
