China National Petroleum Corporation achieved profits of 172.7 billion yuan in 2010

According to the 2010 CSR report released by China National Petroleum Corporation on the 18th, CNPC achieved an operating income of 1.72 trillion yuan in 2010, the company’s profits reached 172.7 billion yuan, and taxes and taxes totaled 319.1 billion yuan, and the company’s total assets reached 26,300,000 yuan. 100 million yuan.

This is the fifth consecutive year that CNPC has released its social responsibility report. According to the report, last year, the newly added proven reserves of CBM from CNPC exceeded 100 billion cubic meters for the first time, and was incorporated into the main trunk line of West-East Gas Pipeline to achieve 270 million cubic meters of off-site gas transmission capacity. The construction project is basically completed by the end of the year. The joint Shell Company successfully acquired the equity of Australia Wrigley and entered the overseas CBM exploration and development field. A national energy shale gas R&D (experimental) center was established to increase the research and development of shale gas. The construction of shale gas industrialization demonstration zones in Changning and Zhaotong progressed smoothly, and the Fushun-Yongchuan shale gas project in Sichuan performed environmental assessment and society. The first well was drilled at the end of December last year. It also promoted industrial trials and resource evaluations such as oil shale, oil sands, and biodiesel, and conducted research on new energy sources such as geothermal energy and natural gas hydrates.

According to the Social Responsibility Report, during the “11th Five-Year Plan” period, CNPC Group’s total public social contribution amounted to nearly 6 billion yuan. Last year, the total investment in social welfare was over 1.2 billion yuan, benefiting millions of people.

CNPC issued the "China Petroleum in Indonesia" country report on the same day. According to the report, as of the end of 2010, CNPC had eight oil and gas exploration and development projects in Indonesia. The oil and gas production increased by 1.6 times compared with the time when it first entered Indonesia in 2002, and the overall reserve replacement ratio was greater than 1, according to the product sharing agreement of the Indonesian government revenue. More than one billion US dollars, profits and taxes income 5.6 billion US dollars.