China Knowledge reported that Shaanxi Yanchang Petroleum Co Ltd, China fourth largest oil company realized CNY 7.12 billion in sales revenue of oil products last month reflecting a MoM increase of 43.49%.

In August, average sales price of refined oil products was CNY 6,874 per tonne up by 29.85%YoY.

Yanchang Petroleum on September 13th said that it produced 1.08 million tons of crude oil last month, and processed 1.24 million tons of crude oil, piped 1.06 million tons of crude oil and sold 1.24 million tons of oil products.

In 2009, the company realized CNY 80.62 billion in revenue and CNY 5.02 billion in net profit. Its crude oil output hit 11.3 million tonnes. The firm processed 11.89 million tonnes of crude oil last year while it sold 11.36 million tonnes of oil products.

(Sourced from China Knowledge)