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.
New Green Joins Hands With The Domestic Top Robot ESTUNJune 30, 2022The notice of the State Council on printing and distributing the carbon peak action plan before 2030 also puts forward the carbon peak action for industry. This promotes green and low-carbon developme...view
Urgent Notice! 15 Grade Typhoon CANDU About To Land, Port Closed!June 30, 2022At 06:00 on September 13, the Central Meteorological Observatory continued to issue orange typhoon warning.At 5 a.m. yesterday (13th), the center is located in the sea about 185km southeast of Xiangsh...view
The 2021 Transport Packaging Technology Organization Annual MeetingJune 30, 2022The 2021 Transport Packaging Technology Organization Annual Meeting was successfully held in Huzhou city, Zhejiang Province on September 28-29, 2021.This annual conference is co-hosted by the Internat...view
Why Do Molds Cause Leakage Of Drum Closure?July 1, 2022Barrel top punching drawing diePunching drawing die is a set of composite film. After punching and stretching, due to the improper shape and size of the top hole of the barrel, the locking quality of ...view
Talking About The Future Development Trend Of Transportation PackagingJuly 1, 2022Although, fast development of logistics industry in China, the total transportation rise year by year, but due to the packaging design technology in China starts late, not form a complete knowledge sy...view
Examining the Importance of Drum Bung Caps in Liquid StorageFebruary 5, 2024Liquid storage is a critical aspect of many industries, including chemicals, pharmaceuticals, and food processing. Properly storing liquids such as hazardous chemicals, oils, and solvents is essential...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
