China's Crude-Oil Production May Rise 1% This Year, CNPC Says

By Winnie Zhu

Dec. 23 (Bloomberg) -- China, the world's second-biggest oil consumer, may increase crude production by 1.2 percent to 189 million metric tons this year, or 3.78 million barrels a day, the nation's largest oil company said.

Gas output may rise 14 percent to 76 billion cubic meters, China National Petroleum Corp., parent of Hong Kong-listed PetroChina Co., said in a statement on its Web site today.

The country's annual crude production grew on average 2.04 percent over the past 30 years while gas output increased by 5.74 percent, the Beijing-based company said.

To contact the reporter on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net