about 20 years ago
China’s biggest offshore oil producer and the country’s second-largest bank have reported soaring profits. China’s top offshore oil and gas producer, CNOOC, has posted a 38 percent jump in earnings for the first half of the year. The better-than-expected results were driven by soaring energy prices
China’s biggest offshore oil producer and the country’s second-largest bank have reported soaring profits.
China’s top offshore oil and gas producer, CNOOC, has posted a 38 percent jump in earnings for the first half of the year. The better-than-expected results were driven by soaring energy prices and higher output.
Oil and gas production at the state-owned company increased by more than seven percent in the first six months of 2006 compared to a year earlier.
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