Jan. 5, 2012 (China Knowledge) - China National Petroleum Corp or CNPC, the parent company of PetroChina Co Ltd<601857
>, saw its crude oil output for 2011 increase by 2% or 2.13 million tons to 107.54 million tons.
The total output is equivalent to 2.16 million barrels of crude oil per day, said analysts.
In 2011, CNPC produced 4.1% or 3 billion cubic meters of natural gas with output totaling 75.5 billion cu m, which accounted for 35.9% of the total oil realized by CNPC last year, compared with a proportion of 12.4% in 2001.
The oil giant produces nearly 80% of China's total gas principally from three 10 billion cu m-gas fields, located in Changqing, Tarim and Southwest China, respectively.
China's National Bureau of Statistics
said the country produced 7.5% more on gas with output of 76 billion cu m in the first third quarters of last year, while imported gas volume for the period surged 89% year on year to 22.5 billion cu m.