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2020-12-25 10:35:00

CHINA OIL GAS PRODUCTION WILL UP

CHINA OIL GAS PRODUCTION WILL UP

ENERDATA24 Dec 2020 - According to the National Energy Administration (NEA), China’s crude oil production is expected to increase by 1.6% to over 194 Mt (3.87 mb/d) in 2020, following a jump in output from the onshore Changqing and Tarim oilfields, as well as in Bohai Bay. In addition, the country’s natural gas production should increase by 7% to 186 bcm in 2020. Earlier in December 2020, the State Council Information Office has released a white paper on the country’s energy development and major policies and measures for energy reform, which plans to lift foreign investment restriction on coal, oil, gas, power generation, and new energy businesses during the 14th five-year plan period between 2021-2025.

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Earlier:

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Tags: CHINA, OIL, GAS, PRODUCTION