China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4875)	5/23/2005 6:04:14 PM
From: RealMuLan	Read Replies (1) of 6370

China's Crude Oil Output Soars 2005-5-21 20:26:59 CRIENGLISH.com Crude oil output has seen rapid growth in the first quarter of 2005 as a result of the soaring oil prices on the world market and growing domestic demand. Xinhua news agency quotes figures from the China Petroleum and Chemical Industry Association, showing the country's crude oil output was 45 million tons in the first quarter of 2005. This is an increase of 5 percent, or 180, 000 barrels daily over the same period in 2004. Output is now nearly 3.67 million barrels per day. Data shows that China invests billions of US dollars in the exploration and development sector of the country's oil industry every year, led by three top oil companies, the China National Petroleum Coroporation, China Petroleum and Chemical Corporation, and China National Offshore Oil Corporation. en.chinabroadcast.cn@239150.htm

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