CNOOC to maintain 2004 crude export levels

An unnamed official with China's only offshore operator, CNOOC Ltd, has revealed that the company will keep its crude export levels for this year at the same levels as 2003. This is despite the fact that CNOOC has revealed a projected fall in crude production.
CNOOC to maintain 2004 crude export levels CNOOC to maintain 2004 crude export levels CNOOC to maintain 2004 crude export levels CNOOC to maintain 2004 crude export levels CNOOC to maintain 2004 crude export levels

All the official would say was, "There won't be much change in our crude exports this year."

For the record, CNOOC's exports for last year were 2.2 million metric tons. This represents an increase of around 10% from previous year's levels. And the figure does not include the crude exported under PSCs with foreign companies sharing with CNOOC.

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