SINGAPORE, April 7 (Reuters) - PetroChina raised first-quarter oil and gas production at its upstream unit Tarim in northwestern China by nearly 8% to 7.91 million tonnes of oil equivalent, according to parent company China National Petroleum Corp.
China’s third-largest onshore oil and gas field, the PetroChina Tarim unit in the Xinjiang region aims to produce 30 million tonnes of oil equivalent this year, CNPC said on its website on Tuesday.
That compares with an estimated 28.51 million tonnes produced in 2019.
The state oil giant also adjusted production and operational plans in response to falling oil prices and lower demand owing to the coronavirus outbreak, shutting down 262 oil wells and water injection wells that are no longer profitable, CNPC said
In a separate report on Tuesday, CNPC said that PetroChina’s refining and petrochemical subsidiaries are maximising manufacturing of polypropylene used for making medical materials. First-quarter output of polypropylene fibres, for instance, rose nearly 60% from a year earlier to 164,000 tonnes.
Reporting by Chen Aizhu Editing by David Goodman
Our Standards: The Thomson Reuters Trust Principles.