Market Brief

Oil & Gas Output of PetroChina's Tarim Oilfield up 9.2% in First-Quarter 2020, an Industrial Info Market Brief

In the first quarter of 2020, the oil and gas output of PetroChina's Tarim oilfield reached 7.91 million metric tons, an increase of 9.2% year over year. The company has taken strict health measures at the field. By the end of March, PetroChina had completed tests on 13 oil wells and 46 new gas wells, with new production capacity of 818 million cubic meters per year, according to China's National Energy Administration.