China Oil And Gas Group Limited provided consolidated earnings guidance for the full year ended December 31, 2015. The board of directors of the company announced that the preliminary review of the unaudited consolidated management accounts of the Group and information currently available to the board, the Group is expected to record a decline in consolidated net profit for the year ended December 31, 2015 as compared with the consolidated net profit for the year ended December 31, 2014. The board considers that the major reason for the decline in profit is attributable by the significant drop in the international crude oil price.