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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A senior Iraq official has said that the Halfaya oilfield development project will reach its plateau production target of 400,000 bopd in mid-2018, up from 200,000 bopd…
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China National Petroleum Corporation (CNPC) on Tuesday said production from its Changqing oilfield was on track to meeting its 2016 targeted average of some 1 million…
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Chevron late on Wednesday inked a key terms agreement with JOVO subsidiary Singapore Carbon Hydrogen Energy for LNG shipments. The US energy major is to supply 500…
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Akin Odumakinde, CEO DeltaTek Group, talks to TOGY about the company’s role in Equatorial Guinea and his predictions for the future of exports and international trade…
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TOGY talks to Sharmila Amin, managing director of Bertling Logistics India, about the country’s power infrastructure, the challenges of Customs clearance in India,…
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Chinese exports of refined fuels were up 38% year-on-year in June, data from the country’s Customs administration released on Wednesday showed. Sluggish domestic…
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