China's state-run Sinopec has suspended crude oil production at four small oil fields feeding into its giant Shengli deposit in eastern China's Shandong province. The aging fields are not profitable under the current low prices, the company said on Thursday. The shutdown of the fields--Xiaoying, Yihezhuang, Taoerhe and Qiaozhuang--will have a minor impact on output, as they produced only 1,200 b/d, or just 0.2% of the Shengli complex's 540,000 b/d total output last year across 70 fields.
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