Huge Profits from a Restructuring of Production and a Reorganization of Enterprises ����China National Petroleum and Natural Gas Corporation had a restructuring by itself carried out last year irrespective of various challenges and intense market competition from home and abroad. By the end of last year it had an annual total of 107.35 million tons of crude oil and 148.9 million cubic meters of natural gas produced to show a greater output over the previous year. Moreover, there were 65.15 million tons of crude oil that had been processed and 1.28 million tons of ethylene produced. To show a success of the efforts for a restructuring of production and a reorganization of enterprises a sales amount of RMB$201 billion yuan and RMB$29.7 billion yuan of profits and taxes including RMB$4 billion yuan of profits had been achieved by the Corporation last year ���� HomeNews 1999-01-04 Page2 Full Story in Chinese