Oil Reserves26 billion barrels
Oil Production3.98 million bopd
Gas Reserves8.4 tcm
Gas Production209.2 bcm
China boasts the second largest economy and largest population in the world. In addition, the country occupies the top spot in crude oil imports and the fourth spot in production figures, making it a central figure in the global energy markets. Three national oil companies in China, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec Corporation) and China National Offshore Oil Corporation (CNOOC), account for the lion’s share of upstream and downstream oil and gas activity in the country.
Currently, China is undergoing a shift in focus from a country with economic drivers based in manufacturing and heavy industries to one based in services and domestic consumption. Adding to the nation’s economic shift, the Chinese government is determined to curb environmental pollution by switching its heavy reliance on coal burning to cleaner energy sources such as natural gas.
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DR Congo has extended its cobalt export ban by three months, fuelling a sharp rally in global prices.
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Senator Heineken Lokpobiri of the Republic of Nigeria talks about Nigeria’s oil production targets.
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Ibrahim R. Gerges of Solar Arabia talks about the promising business prospects emerging from Saudi Arabia’s energy transition.
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Kuwait’s PIC and Wanhua Chemical have signed an MoU to integrate petrochemical capabilities and market expansion efforts.
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The UAE's National Rail Project is laying down 1,200 kilometres to transform freight and passenger transport in the region.
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Gabriel González of Grupo Coquecol talks about Colombia’s importance as a producer and exporter of metallurgical coal and coke.
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