PetroChina, an oil and gas company, aims to increase its capital expenditure to 300 billion yuan ($45 billion) in 2019, up 17 percent from last year.
With the deal, the company said that it expects crude oil output at 905.9 million barrels and gas output of 3,811.0 billion cubic feet, with the total oil and gas equivalent of 1,541.2 million barrels.
Moreso, PetroChina added that its crude oil processing output will reach 1,170 million barrels, up from 1,123 million barrels last year.
The company’s fourth-quarter revenue rose to $95.9 billion, compared to $83.1 billion a year earlier.