On April 29, China national petroleum co., LTD. (hereinafter referred to as the "company"), announced the first quarter of 2021, the company seize the macro economic recovery and rebound in demand, etc. The opportunity is favorable for oil and gas market, optimizing the production run, vigorously strengthen market development and continuous deepening quality efficiency and operating performance to achieve good start and the best level in nearly seven years in the same period.
Production and sales of major products increased.
The company produced 373 million barrels of domestic oil and gas equivalent, an increase of 4.3% over the same period last year.
Domestic marketable natural gas production was 1.12 Tcf, up 9.6% year on year.
The commodity volume of chemical products reached 7.381 million tons, up 10.8% year on year.
The sales volume of domestic refined oil products was 24.195 million tons, up 20.9 percent year on year.
Domestic sales of natural gas were 54.655 billion cubic meters, up 14.6 percent year on year.
Key cost indicators continued to decline.
Operating costs per unit of oil and gas, excluding the impact of currency changes, decreased by 8.0%.
Refining unit cash processing costs fell 8.2 per cent year on year.
Operating efficiency increased significantly compared with the same period last year.
According to IFRS, in the first quarter of 2021, the company achieved an operating revenue of 551.923 billion yuan (RMB, the same below), an increase of 8.4% year on year;
Net profit attributable to shareholders of the parent company was 27.721 billion yuan, the best level in the same period in nearly seven years.
Short comment:
China's oil industry income increase means that the oil market demand increases, more need to import oil and imported oil barrels, is a good opportunity for foreign enterprises to seize the Chinese market.
High quality and good-looking steel drum packaging is one of the ways to prevent oil spills, such as drum closure, drum cap seals, alu cap seals of oil drum.
The Increase in Steel Tariffs Has Caused The Price Of Lubricating Oil Steel Drums To RiseJuly 1, 2022The increase in tariffs on lubricants and lubricant additives is the result of the Sino-US trade war, but steel tariffs are a protectionist measure proposed by the United States against most steel-pro...view
Reusable Packaging Industry InitiativeJune 30, 2022The Reusable Industrial Packaging Association (RIPA) advocates policies and practices that encourage the additional use and reuse of reusable industrial and transport packaging. Packaging reuse reduce...view
Application Of IBC Vented CapJune 30, 2022Here are some suggestions on how to test the IBC vented cap.●LeakageScrew the vent cover on the bucket filled with liquid, with the bucket mouth facing down and lying on the ground. After 4 hours, ob...viewSoda Lime Glass Control Bottle And Low Borosilicate Glass Control BottleJuly 4, 2022There are two types of glass control bottles in the domestic market, one is soda lime glass control bottles, and the other is low borosilicate glass control bottles. Now with the continuous developmen...viewWhat Is a Steel Drum Enclosure?November 10, 2023Drum closure is a device specifically designed to maintain the seal of a steel drum, which is widely used in various industrial sectors. Its main function is to ensure the safe storage and transportat...view
China Independent Brand ExpoJuly 1, 2022During the exhibition, CNPC was invited to participate in the "Chinese Enterprise Brand Building Sub-Forum" by the State-owned Assets Supervision and Administration Commission."Lubricat...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
