Sinopec overseas crude output rises after Addax buy

NINGBO, Zhejiang: China's second largest oil company Sinopec said on Friday it expects overseas crude oil output to account for 17 million tons in its total output of 60 million tons for this year.

The acquisition of Addax Petroleum Corp this year has boosted the company's overseas oil production to a large extent, company spokesman Huang Wensheng said in Ningbo, Zhejiang province.

At present Sinopec is operating in 35 overseas projects, which are largely in Africa, South America, the Middle East and Russia, said Huang.