APTOPIX Big Oil New No 1

APTOPIX Big Oil New No 1

In this March 16, 2012 photo, oil rigs belonging to PetroChina are seen near the banks of a snow covered lake in Daqing in northeastern China's Heilongjiang province. A big shift is happening in Big Oil: an American giant now ranks behind a Chinese upstart. Exxon Mobil is pumping less oil than PetroChina, a company formed just 13 years ago by the Chinese government to better compete for the world's oil and natural gas. On March 29, 2012, the shift is expected to become official when the Beijing company announces that it produced more crude last year than its 130-year-old Texas rival. (AP Photo) CHINA OUT

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Contributor: ChinaTopix

120316070164
March 16, 2012 03:05:00 PM
March 29, 2012 05:39:11 PM
Anonymous
CHINATOPIX
ASSOCIATED PRESS
CORRECTED VERSION; MARCH 16, 2012 PHOTO; CHINA OUT;R47818;
3037 x 2211 2.13 MB
Daqing, China
XHG806
STR
NHG OTA**TOK** RJK**NY** SEP**NY

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