- China’s oil major CNOOC expects a twofold increase in its net income for the first nine months of the year, Energy Voice has reported, citing information from a stock exchange filing.
- The total for the nine-month period is expected to come in at around $15 billion.
- Oil production at the company’s fields reached 304.8 million barrels of oil equivalent during the first half of the year which was a 9.6-percent annual increase and 71 percent of this increase came from production in China.
The Chinese Oil Giant Poised For A 100% Increase In Net Income
