Tulsa University, Petrochina Pact Aimed at Developing Energy Technology

Summary

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PetroChina produced 187 million tons of oil last year, making it the world's fifth-largest producer. China's largest petroleum company also delivered 69.3 billion cubic meters of natural gas, ninth highest among world competitors.

But the growing industrial giant that is modern China consumed 346 million tons of oil last year, requiring imports of 159 million tons - almost as many as PetroChina delivered.

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Tulsa University, Petrochina Pact Aimed at Developing Energy Technology

With many of its oilfields tapped since the 1960s, PetroChina sees its future in new technologies that will allow it to increase production at mature sites through advanced oil recovery while unlocking vast pote...

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