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PetroChina Increased Oil Output

PetroChina Company Limited announced Monday that the company's crude oil output reached 419 million barrels

PetroChina Company Limited announced Monday that the company's crude oil output reached 419 million barrels in the first six months, representing an increase of 7.3 million barrels, or 1.8 percent, from the first half of last year.

A statement from the company said it produced 684.7 million cubic feet of marketable natural gas, up 161.1 million cubic feet, or 30.8 percent.

PetroChina processed 392 million barrels of crude in the first six months, an increase of 13.2 million barrels or 3.5 percent.

The company produced 11.06 million tons of gasoline, up 3.2 percent, and 22.22 million tons of diesel, a rise of 2.6 percent.

The company produced one million tons of ethylene, up 6.6 percent, 155,000 tons of synthetic rubber, up 9.2 percent, and 1.52 million tons of synthetic resin, up 16.3 percent from the first half of last year.

PetroChina is a joint stock company under China National Petroleum Corporation (CNPC), China's largest oil and gas producer.