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CNPC crude output seen lower in 2009 as demand weakens

(Agencies)
Updated: 2009-03-08 13:48

Chinese oil giant CNPC, parent of PetroChina, expects its crude output this year to fall below 2008 level due to weakening demand, a company executive said on Saturday.

"Now the demand is lower than last year, it's natural to have lower output," Yu Baocai, CNPC's vice-president, told reporters.