Daqing Oilfield total crude output exceeds 2.4b tons

HARBIN - China's Daqing Oilfield Co Ltd has churned out more than 2.4 billion tons of crude oil since 1959.

A subsidiary of China's largest oil producer PetroChina, the company produced more than 43.6 million tons of oil equivalent in 2019, about 1.96 million tons more than 2018, the company said.

Its overseas market revenue reached 10 billion yuan ($1.4 billion) last year, according to the company.

Daqing Oilfield marked the 60th anniversary of its discovery in 2019. Discovered on Sept 26, 1959, the oilfield is located in Northeast China's Heilongjiang province. It is the largest oilfield run by PetroChina and also the country's largest oil production base.