Monday, July 16, 2007

Cnooc Parent to Raise Domestic Offshore Oil Production to 50 Million Tons

(Bloomberg) -- China National Offshore Oil Corp.,
the nation's largest offshore oil producer, plans to increase
annual domestic offshore output to between 48 million and 50
million metric tons by 2010.

The company's overseas production will rise to between 20
million and 25 million tons a year by then, it said in its
annual report posted on its Web site today.


Read more at Bloomberg Energy News

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