PetroChina yesterday (December 19) said that the production of crude oil of 1.0753 billion tons in 2011 was no suspense, a net increase of 2.12 million tons from 2010. This is also the second year of CNPC’s production increase of more than 2 million tons.

For PetroChina, this is also the first step toward realizing the goal of 2 million tons of crude oil for the 12th Five-Year Plan. At the same time, PetroChina announced that it will adjust its domestic oil and gas pipeline management model, which will be adjusted from sub-regional to sub-regional management, creating a comprehensive pipeline operator.

It is understood that this adjustment mainly includes four aspects. Among them, the southwest pipeline branch will be added to form a five-integrated operating company with pipeline branch, West-East Gas Pipeline Branch, Western Pipeline Branch, Southwest Pipeline Company and Beijing Gas Pipeline Company. Southwest Oil & Gas Field Company will be Supplementary "5+1" domestic pipeline operation management system.