Companies & Finance

Value of Northwest Oilfield’s oil and gas sales up by nearly 37%

Sinopec’s Northwest Oilfield subsidiary increased the value of its oil and gas sales by 36.9% year on year in the first nine months of 2018
By Staff reporter 11 October 2018 0 32875

Sinopec’s Northwest Oilfield subsidiary in western China’s Xinjiang region increased the value of its oil and gas sales by 36.9% year on year in the first nine months of 2018, to RMB 13 billion ($1.88 billion), Sinopec said on Thursday.

The volume of gas sold amounted to 930 million cubic metres. The subsidiary had produced 1 billion cubic metres of gas this year as of 7 August, of which 208 million cubic metres was fed into the West-East Pipeline network.