PetroChina, China’s largest and most profitable oil and gas producer, said its Xinjian branch has churned out more than 100 million tonnes of heavy crude oil, thanks to its innovative technologies, Xinhua reported.
The Xinjiang Oilfield Company said that it produced 4.32 million tonnes of heavy crude oil last year and has become China’s largest production base for high-quality naphthenic base heavy oil, a rare raw material for industrial products such as rocket propellant, the report said.
Qian Genbao, chief technical expert with the company, said that technological innovations have helped the company raise the efficiency of heavy oil recovery by 30 percentage points to over 60 percent. The company said its new technologies have also been applied in oilfields in northeast China, as well as in Kazakhstan, Canada and Venezuela.
PetroChina posted a 130.7 per cent year-on-year increase in net profit for 2018 to 52.59 billion yuan (US$7.86 billion), and is forecast to report a net profit of 57.5 billion yuan, according to a Bloomberg poll.
This week, Forbes reported that China’s initiative to increase 2019 capital investment in oil exploration to US$77 billion, signals a new strategic direction. The goal is to increase domestic production by 50%, up more than 2 million barrels per day over the next five years.
I’ve recently started a blog, the info you offer on this website has helped me greatly. Thank you for all of your time & work.
This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen
Excellent read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch because I found it for him smile Thus let me rephrase that: Thank you for lunch! “We steal if we touch tomorrow. It is God’s.” by Henry Ward Beecher.
I wanted to create you that bit of remark so as to give thanks the moment again for your extraordinary views you’ve shared on this website. This is certainly generous of people like you in giving openly all a few people would’ve offered for sale as an ebook to help with making some bucks on their own, certainly considering that you might well have tried it if you wanted. The good ideas also acted to be a good way to be sure that some people have the identical keenness like my personal own to understand significantly more with regard to this matter. I am sure there are numerous more enjoyable sessions up front for those who take a look at your site.
Awsome website! I am loving it!! Will come back again. I am bookmarking your feeds also
I couldn’t resist commenting
I’m not sure where you are getting your information, but good topic. I needs to spend some time learning much more or understanding more. Thanks for great information I was looking for this information for my mission.
Hey There. I found your blog using msn. This is an extremely well written article. I will be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will definitely return.
Cialis when is the best time to take cialis canadian cialis
Have you ever thought about adding a little bit more than just your articles? I mean, what you say is valuable and everything. But just imagine if you added some great visuals or videos to give your posts more, “pop”! Your content is excellent but with pics and video clips, this site could undeniably be one of the greatest in its niche. Wonderful blog!
Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Actually Excellent. I’m also an expert in this topic therefore I can understand your hard work.
Enjoyed reading this, very good stuff, thankyou. “Golf isn’t a game, it’s a choice that one makes with one’s life.” by Charles Rosin.
Hello, you used to write great, but the last several posts have been kinda boring?K I miss your super writings. Past several posts are just a bit out of track! come on!
experience, and strong ethics.
I wrote down your blog in my bookmark. I hope that it somehow did not fall and continues to be a great place for reading texts.
Just a smiling visitant here to share the love (:, btw great design. “Make the most of your regrets… . To regret deeply is to live afresh.” by Henry David Thoreau.
Thank you for all of the labor on this web page. Betty takes pleasure in carrying out research and it’s really easy to see why. I learn all concerning the dynamic tactic you offer invaluable thoughts on the website and even attract contribution from other ones on that matter and our simple princess is now learning a lot of things. Have fun with the rest of the year. You are performing a fabulous job.
hey there and thanks to your information – I’ve certainly picked up anything new from proper here. I did then again experience a few technical points the usage of this website, as I experienced to reload the site a lot of instances prior to I may get it to load properly. I have been considering in case your hosting is OK? Now not that I am complaining, however sluggish loading cases times will often have an effect on your placement in google and could damage your quality score if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I am including this RSS to my email and could glance out for a lot more of your respective interesting content. Ensure that you replace this once more soon..
Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!
I’d need to test with you here. Which is not one thing I normally do! I get pleasure from studying a put up that may make people think. Additionally, thanks for permitting me to remark!
Some genuinely interesting details you have written.Aided me a lot, just what I was searching for : D.
Rattling great information can be found on web blog.
Thank you for any other informative blog. Where else may I get that kind of information written in such a perfect method? I have a undertaking that I’m simply now running on, and I’ve been at the glance out for such information.
cheapest generic viagra cialis cheap viagra generic canada where can i buy viagra in japan
Together with everything which appears to be developing within this specific area, your opinions are actually fairly exciting. Nevertheless, I appologize, because I can not give credence to your whole plan, all be it radical none the less. It would seem to me that your comments are actually not completely rationalized and in fact you are your self not even totally confident of the argument. In any case I did appreciate reading it.
how much are cialis pills buy cialis prescription online buy cialis no rx
Normally I don’t read article on blogs, but I would like to say that this write-up very forced me to check out and do so! Your writing taste has been amazed me. Thanks, very nice article.
I am very happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this best doc.
I am not rattling excellent with English but I find this real easygoing to understand.
Hello, you used to write excellent, but the last several posts have been kinda boringK I miss your tremendous writings. Past several posts are just a little bit out of track! come on!
With havin so much content do you ever run into any issues of plagorism or copyright violation? My blog has a lot of exclusive content I’ve either created myself or outsourced but it seems a lot of it is popping it up all over the internet without my permission. Do you know any solutions to help protect against content from being stolen? I’d truly appreciate it.
Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.
I have recently started a website, the information you offer on this site has helped me greatly. Thanks for all of your time & work.
Hello.This article was extremely interesting, particularly since I was searching for thoughts on this subject last couple of days.
It’s laborious to find educated individuals on this subject, however you sound like you know what you’re speaking about! Thanks
Hi my family member! I wish to say that this article is awesome, great written and come with almost all important infos. I would like to look more posts like this.
Hi, i believe that i noticed you visited my web site thus i came to “return the prefer”.I am trying to in finding things to improve my website!I guess its adequate to make use of some of your ideas!!
I dugg some of you post as I cerebrated they were very beneficial very helpful
Howdy very nice web site!! Man .. Excellent .. Wonderful .. I’ll bookmark your website and take the feeds additionally…I’m happy to find numerous helpful info right here within the put up, we need develop more strategies on this regard, thanks for sharing.
Great tremendous things here. I am very happy to peer your post. Thanks so much and i am having a look ahead to touch you. Will you kindly drop me a mail?
Leave a comment