China National Petroleum Corp, parent of the world's biggest company by market value, increased sales by 24 percent last year as energy demand continued to rise in the country.
The parent of PetroChina Co boosted its 2007 sales to one trillion yuan (US$142 billion) as it expanded crude and fuels production to meet rising demand, China National said in its social responsibility report last Friday.
Bloomberg News said energy consumption in China could jump 5.1 percent a year in the decade to 2015 and more than double to the equivalent of 16.5 million barrels of oil a day by 2030, according to the International Energy Agency.
The Beijing-based company's crude oil production from its domestic and overseas fields rose 2.2 percent to 137.6 million tons.
Gas output climbed 20 percent to 57.8 billion cubic meters, of which overseas production accounted for six percent.
It boosted its crude-oil processing volume by five percent to 130.9 million tons and increased fuels output by the same rate to 82.76 million tons.
Natural gas demand in Beijing would rise by 51 percent to 6.8 billion cubic meters this year as the city orders its boilers and buses to shift to the cleaner-burning fuel to reduce pollution before the Olympics, China National said.