In the third quarter of 2005, the company continued to increase crude oil and natural gas production
PetroChina announced Monday that during the first three quarters of 2005 it saw a total output of 722 million barrels of oil equivalent, an increase of 36.3 million barrels or 5.3 percent year on year.
In the third quarter of 2005, the company continued to increase crude oil and natural gas production, with crude oil output reaching 198 million barrels and marketable natural gas output achieving 257 billion cubic feet.
In the first three quarters, PetroChina's average realized price of crude oil reached $47.35 per barrel, 50.08 percent higher than a year ago.
In the refining sector, PetroChina processed 184 million barrels of crude oil in the third quarter. It produced 5.21 million tons of gasoline, 10.687 million tons of diesel.
In the third quarter of this year, PetroChina produced 482,000 tons of ethylene, 724,000 tons of synthetic resin, 67,000 tons of synthetic rubber, and 860,000 tons of urea.