Sunday, July 15, 2007

PetroChina pumps 3.7 pct more oil, gas in H1

(Reuters) - The Beijing-backed firm, which vies with Sinopec Corp.
and CNOOC Ltd. to
supply the world's largest energy market after the United States,
has said it aimed to produce 5.3 percent more oil and gas to
1.116 billion BOE in 2007.




Global crude oil prices rebounded to a 10-month high above
$70 a barrel at the end of June from a 19-month low around
$50 a barrel in January.


Read more at Reuters.com Market News

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