Major finds boost CNPC oil reserves

China National Petroleum Corp (CNPC), the nation’s biggest oil and gas producer, discovered oil reserves of 300 million tons, or 2.19 billion barrels, in the first half of this year, a senior company official who did not want to be identified said yesterday.

    Gas reserves also increased by at least 150 billion cubic metres from January to June as new discoveries were made in the oil giant’s major fields across the country, the source told China Daily