Top Chinese oil firm CNPC aims to expand oil and gas production capacity at its cooperative projects in Indonesia to 10 million tonnes a year, the China Petroleum Daily reported on Tuesday, quoting a company executive.
CNPC should take every opportunity to better run existing projects and develop new ones in Indonesia, CNPC General Manager Jiang Jiemin was quoted by Reuters as telling the China Petroleum Daily during his visit to the Southeast Asia country last week.
But the newspaper did not disclose any time frame to reach the goal, nor did it give its current capacity or CNPC's shares in existing projects.
Crude oil output at CNPC's overseas projects in 25 countries rose 52.4 percent from a year earlier to 54.6 million tonnes in 2006.
Of the total, the parent of PetroChina was entitled to 28.07 million tonnes,
or about a quarter of its total crude oil production in 2006.