Yanchang Petroleum Exceeds Production Targets for Oil, Gas and Coal in January

Deep News
02/12

Yanchang Petroleum Group reported that in January, the company produced 1.0045 million tons of crude oil, representing a year-on-year increase of 2.42%. Natural gas output reached 1.213 billion cubic meters, up 14.69% compared to the same period last year. Coal production totaled 3.8295 million tons, growing by 32.15% year-on-year. Electricity generation amounted to 817 million kilowatt-hours, an increase of 9.08%, while tire production reached 691,200 units, rising by 10.57%. All major physical output indicators exceeded the monthly production targets.

Despite facing multiple challenges, including persistently weak market demand and extreme cold and snowy weather conditions, Yanchang Petroleum Group implemented precise measures and intensified efforts to overcome difficulties. The group launched an initiative titled "Management Enhancement Year" to accelerate the release of high-quality production capacity in oil, gas, coal chemical, and power sectors. As a result, production and operations maintained a stable and progressive trend, laying a solid foundation for achieving the full-year production and operational goals.

Moving forward, Yanchang Petroleum Group will adhere to the principle of "treating the start as the final sprint." The company plans to further break down targets, clarify responsibilities at all levels, and improve support measures. It will also carefully organize production and operations during holiday periods and throughout the first quarter to ensure sufficient supply of natural gas for residential use.

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