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Victories and setbacks with crude oil.(2003 Outlook-1)(exploration and output)
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China's crude oil exploration and development had a complicated year in 2003.
In 2003 the three big oil companies increased their inputs in the crude oil exploration and made quite a few discoveries. They paid great attention to internal reformation and achieved qualitative advances. At the same time, they also suffered setbacks in their northward overseas expansion.
In CNPC, the crude oil exploration taking strategic breakthrough as the focus made 12 major discoveries and the crude oil exploration taking strategic development as the focus formed I0 large-scale reserve ...
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