HONG KONG (AFX-ASIA) – CNOOC Ltd (883.HK) executive director Zhou Shou Wei said the company will invest 8-10 billion yuan in engineering this year so that its oil production can reach another annual peak of 1.76 million BOEs in 2004-05. (US$1=8.28 yuan). Company chairman Wei Liu Cheng said he does not expect the three mainland…
CHINA: CNOOC to invest 8-10 billion yuan in engineering in 2003 to further boost output
Posted on April 7, 2003 by EnergyAsia