Thursday, April 26, 2007

UPDATE 1-China's CNOOC Q1 oil, gas output up 5.1 pct

(Reuters) - CNOOC, which is engineering a string of acquisitions from Australia to Indonesia to Nigeria, is scouring the globe for more and developing deepwater exploration to supply China, the world's largest oil consumer after the United States.

CNOOC said in a statement on Thursday that its overall oil and gas output rose to 473,280 barrels of oil equivalent per day in the January to March period.


Read more at Reuters.com Market News

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