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.
Classification and Process Flow of Steel DrumsJune 30, 2023The steel drum is one of the traditional containers and occupies a very important position in the traditional containers. The function of steel drums has evolved from temporary storage of contents to ...view
Maintenance and Repair of 200L Old Steel DrumMay 26, 20231. The open-air steel drum storage yard should not be located near railways and highways, but there should be dedicated roads; It is also not suitable to be located at the foot of a steep mountain. Th...view
SSY's Elender Said Freight Rates Will Remain Structurally HighJuly 1, 2022The freight market has been transformed this year, with dry bulk trade surging and lifting prices, led primarily by iron ore and grain trade, SSY Consultancy and Research director Alexis Ellender said...view
The 100th Anniversary Of The Founding Of The Party, A Centennial Memorabilia Of China's Steel Drum Packaging Industry!July 1, 20221908~1921British Asia Oil Company established China's first steel barrel factory in Yingkou, China-Asia Oil Company Yingkou Oil Depot. Later, Mobil Oil Company established China's second steel...view
Advantages of Plastic BarrelsApril 18, 2023Plastic drums, also known as polyethylene drums, are ideal containers for storing chemicals, foods, medicines and other items. Before using them, you need to know some important things to ensure that ...view
The Application Of Flex SpoutJune 30, 20221. The flex spout is applicable to all kinds of oil cans.2. Tear the breakpoint on both sides, pull it up and pull out the oil nozzle3. Rotate the cover as shown in the figure4. The oil nozzle is equi...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
