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China National Petroleum Corporation

CNPC overseas output growth slows to 3.27pc

2-MIN READ2-MIN
Eric Ng

China National Petroleum Corp's (CNPC) overseas production set a record last year, although growth slowed.

The parent of listed PetroChina, the country's largest oil and gas producer, recorded output of 62.2 million tonnes of crude oil abroad last year, the company said. That was up 3.27 per cent from 60.23 million tonnes in 2007.

However, the growth rate slowed from 11.54 per cent in 2007 and 50 per cent in 2006, the year output was boosted by the acquisition of PetroKazakhstan.

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