PetroChina aims for more output

Despite declining yields from its existing fields, PetroChina maintained it planned to raise its annual crude oil output by 0.3% and increase natural gas sales by 12.3% until 2010 when it targets 107 million tonnes. It netted 104.87 million tonnes of crude last year. Vice-Chairman Jiang Jiemin said the company's newly developed resources delivered lower quality yields in comparison, suggesting developed fields still had potential. PetroChina projected gas production to increase to 600 billion or more cubic metres by 2010.