China Says 2008 Crude Production Pp 1.6 Pct: State Media

From AFP:

China is expected to produce a total of 189 million tonnes of crude in 2008, an increase of 1.6 percent over last year, state media reported Sunday.

PetroChina, the nation’s leading oil producer, released figures saying China had found more than 20.7 billion tonnes of proven oil deposits in the past 30 years, the Xinhua news agency reported.

China produced 186 million tonnes of crude oil in 2007, according to Xinhua. PetroChina, like many European oil companies, measures its output in tonnes instead of the US standard of barrels.

This year’s output would be 189 million tonnes, an increase of 1.6 percent.

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