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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Mozambican President H.E. Filipe Jacinto Nyusi talks about banking on naturalgas as a transition energy source.
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Alvaro Torres Macias of Electryon Power talks about greenfield projects in Colombia’s renewables market.
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Envision Energy has partnered with the government of Spain to develop a $1-billion green hydrogen industrial park.
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NNPC and CMEC signed an MoU for the financing of the Gwagwalada gas power plant in Nigeria.
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Dawoud Bahzad of Petroleum Research Centre talks about supporting Kuwait's hydrocarbons value chain
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Tareq M. Ebrahim of KUFPEC talks about introducing efficiency-boosting technologies to Kuwait’s K-companies.
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Rachad Chahine of Gulf Drilling and Maintenance talks about deploying technologies to enhance production from Kuwait's ageing wells.
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CNOOC has made an ultra-deepwater, ultra-shallow gas discovery in the Lingshui 36-1 gasfield in the South China Sea.
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