New Year's Greetings From Jiang Jiemin, President January 1, 2007 On behalf of everyone at the China National Petroleum Corporation, I would like to extend my best wishes for the New Year. Thank you for your invaluable contribution to the development of CNPC. In 2006, CNPC continued to implement the scientific concept of development, which resulted in excellent performance and many breakthroughs. We also made new progress in corporate reform and development, ensuring that the first year of the 11th Five-Year Plan was one of great successes. In 2006, we made a number of major achievements in oil and gas exploration, oil and gas field development performance was improved, domestic crude oil production increased, and natural gas production maintained a growth rate of 20%. Crude runs, product oil production and sales and natural gas sales were also greatly enhanced. Steady progress was witnessed in our engineering and construction, with a number of key projects becoming operational. Our international business grew rapidly, with overseas oil and gas cooperation constantly growing and our performance steadily improving. In addition, we obtained greater benefits from the further strengthening of our engineering and technical services. 2007 is an important year for us to further implement the scientific concept of development and build a harmonious society. We must strive to adjust the structure and change the mode of our economic growth, and strengthen safety, resource saving and environmental protection. We must promote innovation in our systems, technology and management, and strive to build a harmonious corporation. We look forward to 2007 with great confidence. It is a year in which we will seize opportunities, face challenges, enhance our competitiveness and ensure the healthy and rapid growth of our corporation. I wish all of you a happy new year! May the coming year bring you and your family health, happiness and success in everything you do!