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China National Petroleum Corporation: Increasing Oil and Gas Resources Guarantee to Empower Economic Stability and Recovery

TIME: 2023-02-25

In order to start the first season of the decisive battle with success, various central enterprises have put forward practical and hard tactics, carefully planned and laid out ahead of time. Project construction site, production workshop, construction line Central enterprises are presenting bustling production scenes everywhere, surging with the spirit of striving to accelerate and start first. Recently, the website of the State owned Assets Supervision and Administration Commission (SASAC) launched a series of reports titled "Striving for a Successful Start in the New Year", showcasing the pivotal role of central enterprises in promoting the overall improvement of economic operation. Stay tuned. With the steady recovery of the domestic economy and the obvious recovery of the consumer market, China Petroleum has further increased its efforts in ensuring oil and gas resources, empowering and stabilizing the country's economy. As of February 17th, China Petroleum has supplied a total of 37.77 billion cubic meters of natural gas this year, an increase of 2.3% year-on-year, accounting for more than 60% of the country's gas supply; The daily supply of refined oil products reached 284000 tons, a year-on-year increase of 1.7%; The daily average supply of aviation kerosene is 24000 tons, a year-on-year increase of 31.1%, contributing oil power to China's economic success.


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Make efforts to increase storage and production, and prioritize ensuring energy supply. In order to meet the increasing demand for oil and gas brought about by economic recovery, various oil and gas field enterprises in China have overcome the impact of low temperature and cold waves and taken multiple measures to increase domestic energy supply. In January, Daqing Oilfield accelerated and sprinted from the beginning, producing over 2.5 million tons of crude oil and over 500 million cubic meters of natural gas, demonstrating its status as a "ballast stone"; Liaohe Oilfield has deeply tapped the potential of old wells, accelerated the production of new wells, and achieved counter trend growth with oil and gas production exceeding the planned line; The implementation of optimized deployment and lean organizational management in Xinjiang Oilfield resulted in a year-on-year increase of 71000 tons in crude oil production; Huabei Oilfield has been fully stretched and riveted, and the output of crude oil, natural gas and coal-bed methane has exceeded the planned operation, of which the output of coal-bed methane has increased by 44% year on year.


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Strengthen overall planning and coordination, and make full efforts to protect the warmth of all households. Faced with the winter supply test, PetroChina leverages its advantage in integrating the natural gas industry chain, optimizes production organization and operation, and fully guarantees stable winter natural gas supply. As of the end of January this year, Changqing Oilfield has produced over 4.8 billion cubic meters of natural gas, benefiting more than 400 million people; The natural gas production of Tarim Oilfield has exceeded 3.1 billion cubic meters, shouldering the responsibility and mission of being the main gas source for the West East Gas Pipeline and the primary gas source for ensuring supply in southern Xinjiang; The natural gas production of Southwest Oil and Gas Field increased by nearly 300 million cubic meters year-on-year, and the supply capacity of Sichuan and Chongqing regions continues to strengthen; The cumulative daily gas production of gas storage facilities such as Xiangguo Temple Gas Storage and Hutubi Gas Storage reached 131 million cubic meters, a year-on-year increase of 0.7%; Natural gas sales enterprises adhere to the concept of "continuous supply in winter and uninterrupted customer service", and implement work measures in resource supply, safety control, customer service, and other aspects to provide stable and safe resource protection for social gas consumption. Pay close attention to market demand and make every effort to ensure market supply and serve people's livelihoods. Based on the demand for domestic tourism and Spring Festival travel on New Year's Day and Spring Festival, Chinese petroleum product oil sales enterprises have strengthened the supply guarantee of oil products at three types of stations: highways, national and provincial roads, tourist attractions, and rural gas stations. The total sales of oil products and the number of self operated pure guns have increased significantly month on month. As an important transit hub for transporting refined oil resources to various regions across the country, China Petroleum Northeast Sales and Northwest Sales Companies actively promote the forward movement of resources and allocate over 1.4 million tons of refined oil resources to companies in various regions throughout the country during the Spring Festival. The cadres and employees of China Petroleum Heilongjiang Sales Company initiated the oil supply guarantee plan for extremely cold weather in advance to ensure sufficient supply of low pour point oil resources; China Petroleum Xinjiang Sales Company has over a thousand gas stations and more than 8000 employees dedicated to their positions, providing customers with high-quality and thoughtful services during the Spring Festival holiday; Sales companies in Sichuan, Guangxi, Anhui, Zhejiang, and other regions are deepening the "Warm Home Road" campaign, providing free value-added services for holiday travelers to meet the travel and living needs of the people.

Source: State owned Assets Supervision and Administration Commission website

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