Xinjiang oil field targets 3.6 bln cu m of gas output this year
Published: 22 Oct 2009 19:17:32 PST
Oct. 23, 2009 (China Knowledge) - Xinjiang Oil Field Co, a subsidiary of PetroChina Co Ltd<601857><0857><PTR>, aims to produce 3.6 billion cubic meters of natural gas in 2009, 500 million cu m more than last year, sources reported. The oil field enterprise, which is principally engaged in oil and natural gas development in the Junggar Basin, Xinjiang Uygur Autonomous Region, had a daily gas output of 9.84 million cu m as of Oct. 18 and currently supplies around 2.6 million cu m of gas every day. The Junggar Basin is predicted to have crude oil reserves of 8.6 billion tons and natural gas reserves of 2.1 trillion cu m. Reportedly, Xinjiang Oil Field spent more than RMB 800 million in total between 2001 and 2008 to build and rebuild 19 sewage disposal stations. The company thus incurred economic losses exceeding RMB 500 million. Copyright © 2009 www.chinaknowledge.com |
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