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.
READ MORE
Energy Fuels has secured a 20-year, USD 725-million loan commitment from the US administration to expand rare earths processing…
READ MORE
Josh Sherman of the Houston Producers Forum talks about Houston’s growing pull as energy security concerns and growing LNG and…
READ MORE
Alcídio José of Ozango Minerais talks about the global dynamics around rare earths that are bringing fresh investor interest to Angola's Longonjo project.
READ MORE
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.
READ MORE
Iqrar Husain of Quippo Oil and Gas talks about delivering projects in India’s most challenging terrains and the company's investment priorities.
READ MORE
SLB OneSubsea has won a deepwater EPC contract from CNOOC for a 20-well subsea development in China.
READ MORE
The Chinese government is reportedly pushing for a merger of the two of the country’s major chemicals companies, creating a sector behemoth with a yearly revenue of…
READ MORE
Bharat Petroleum announced plans on Thursday to invest some USD 6.75 billion over the next six years to expand its oil refining capacity by 62%, from 730,000 bpd to…
READ MORE
TOGY talks to Andrew Kamau, the principal secretary of Kenya’s State Department of Petroleum, about the South Sudan-Kenya pipeline agreement and the stages of the…
READ MORE
TOGY talks to Mohamed Saad Ibrahim, the managing director of the Egyptian Refining Company, about the timeline for the construction of the ERC refinery as well as how…
READ MORE
China’s strategic crude storage capacity might be four times as large as commonly assumed, a satellite imaging company said on Thursday.
Interpreting images taken…
READ MORE
Kazakhstan has resumed production at the Kashagan oilfield, the country’s Ministry of Energy announced on Thursday, ending an almost three-year-long shut-in.…
READ MORE
The Canadian government approved plans late on Tuesday for the construction of an LNG liquefaction and export terminal in British Colombia, ending a three-year wait for…
READ MORE
TOGY talks to Subodh Jain, the director of South Asia Gas Enterprise Company (SAGE), about developing the new deepwater pipeline between Iran and India and the…
READ MORE
Iraq’s Ministry of Oil has signed off on plans to build a refinery in Wasit province, a local official was quoted as saying on Tuesday.
According to Amal Al Akili,…
READ MORE
US major ConocoPhillips will sell its 40% operating interest in the South Natuna Sea oil and gas production-sharing block B to Indonesian player Medco Energi, the…
READ MORE
