Sinopec 2012 Oil, Gas Production Rises 4.8% From Year Earlier

China Petroleum & Chemical Corp., the country’s largest oil refiner, said oil and natural gas production in 2012 rose 4.8 percent from a year earlier.

Crude oil output at the company, also known as Sinopec, rose 2 percent to 328 million barrels, according to a statement sent to the Shanghai Stock Exchange today.

Overseas crude production increased 18 percent to 22 million barrels, while domestic output was 307 million barrels, up about 1 percent from a year earlier.

Global natural gas production rose about 16 percent to 598 billion cubic feet, the Beijing-based company said in the statement.

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