Last Updated :
23 October 2009 at 11:50 IST
Xinjiang Oil Field Co to boost natural gas output
URUMQI (Commodity Online) : PetroChina’s Xinjiang Oil Field Co said Friday it aims to produce 3.6 billion cubic meters of natural gas in 2009, 500 million cu m more than last year.
The oil field enterprise, which is principally engaged in oil and natural gas development in the Junggar Basin, Xinjiang Uygur Autonomous Region, had a daily gas output of 9.84 million cu m and currently supplies around 2.6 million cu m of gas every day.
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The Junggar Basin is predicted to have crude oil reserves of 8.6 billion tons and natural gas reserves of 2.1 trillion cu m.
Reportedly, Xinjiang Oil Field spent more than 800 million yuan in total between 2001 and 2008 to build and rebuild 19 sewage disposal stations.
The company thus incurred economic losses exceeding 500 million yuan.
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