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.
Abu Dhabi has awarded the Bab Gas Cap development and production concession to an ADNOC-led consortium of international companies.
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Energy Fuels has secured a 20-year, USD 725-million loan commitment from the US administration to expand rare earths processing…
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Josh Sherman of the Houston Producers Forum talks about Houston’s growing pull as energy security concerns and growing LNG and…
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Alcídio José of Ozango Minerais talks about the global dynamics around rare earths that are bringing fresh investor interest to Angola's Longonjo project.
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ADNOC Drilling is prepared to expand the UAE’s oil production capacity beyond 5 million bopd by 2027 as the country advances upstream growth plans.
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Iqrar Husain of Quippo Oil and Gas talks about delivering projects in India’s most challenging terrains and the company's investment priorities.
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SLB OneSubsea has won a deepwater EPC contract from CNOOC for a 20-well subsea development in China.
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Petrobras and China National Petroleum Corporation (CNPC) have signed a letter of intent to work together on upstream and downstream projects, the NOCs said in a…
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Victor Ndukauba, the deputy managing director of Afrinvest West Africa, talks to TOGY about the challenges companies face with funding, the impact of shale production…
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Aysha Budastour, chairman of Kuwait Bruckner Construction Contracting Company (KBC), talks to TOGY about the government’s increased interest in public-private…
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Crude oil production by OPEC countries rose in May, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report.
Total production…
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Daniel Loh, the president-director of BASF Indonesia, talks to TOGY about the growth potential of the Indonesian market, downstream developments and upcoming…
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Oil prices fell from earlier gains on Friday amid increasing U.S. output and signs of weakening demand in China.
Crude oil futures decreased 0.47% to $65.64 a barrel…
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Ashley Taylor, president of the Point Lisas Industrial Port Development Corporation (PLIPDECO), talks to TOGY about the domestic port logistics sector, the company’s…
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The State Grid Corporation of China is considering investments in Brazil’s power sector worth BRL 140 billion (USD 38 billion), international media reported Thursday.…
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Oman Oil Company is seeking to sell a 10% stake in the giant Khazzan gasfield, one of the country’s largest hydrocarbons assets.
The company is in talks with…
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