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Shaanxi Yanchang Petroleum's revenue up 23% in H1

Jul. 25, 2012 (China Knowledge) - Shaanxi Yanchang Petroleum (Group) Co Ltd, a state-owned enterprise directly attached to Shaanxi Provincial government, announced yesterday that its sales revenue for the first half of this year increased 23% YoY to RMB 76 billion.

From January to June 2012, the company produced 6.14 million metric tons of crude oil, 237,700 metric tons more than it realized in the same period of last year. While it processed 6.9 million metric tons of crude oil during the six-month period.

In the first half of this year, Yanchang Petroleum sold a total of 6.38 million metric tons of oil and gas products, 676,100 metric tons more than it sold in the corresponding period of 2011.

The Shaanxi based company earlier announced that it aims to realize RMB 150 billion in sales revenue this year, China Knowledge reported earlier.

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