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CNPC: To Double Oil, Gas Output from Joint Projects by 2015

China National Petroleum Corp., the nation's top oil and gas producer by capacity, said Tuesday its listed arm aims to bring oil and gas production capacity from domestic blocks in cooperation with foreign partners to over 15 million metric tons of oil equivalent a year by 2015.

The targeted production capacity by PetroChina Co. (PTR), with a special focus on advancing coal bed methane projects, would be more than double the 6.57 million tons of oil equivalent produced from 23 joint oil and gas projects in 2008, CNPC said in a report on its Web site.

Source: Dow Jones

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