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PetroChina ethylene output up at faster pace

25 Oct '07

3 min read

The Company processed 203 million barrels of crude oil, and produced 5.434 million tons of gasoline, 11.612 million tons of diesel and 0.542 million tons of kerosene. For the period from January to September this year, the Company processed a total of 611 million barrels of crude oil, representing an increase of 30.4 million barrels, or 5.2 percent increase from the same period in 2006.

Concurrently, the Company enhanced its refined product mix at appropriate times and proactively implemented quality upgrades, as well as realising production optimization and technological reform in some subsidiaries. Additionally, PetroChina's capability to produce gasoline and diesel complying with the National Phase III and IV Motor Vehicle Emission Standards has been continuously developed.

The Company's operation and marketing network has been further developed in the third quarter of 2007. Sales quality and operational effectiveness have been continuously improved. By the end of September, PetroChina's service stations totaled 18,846, an increase of 912 stations, or 5.09 percent increase from the same period last year.

During the reporting period, the Company's chemicals business attained pre-set production targets with continuous increase in the output of key chemical products. The Company produced 587 thousand tons of ethylene, 899 thousand tons of synthetic resin as well as 403 thousand tons of synthetic fibre raw materials and polymer.

PetroChina Company Limited

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