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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The China National Petroleum Company (CNPC), the state-owned Chinese exploration and production major, announced plans to expand oil production over the weekend through…
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Sauat Mynbayev, chairman of national oil and gas company KazMunayGas (KMG), talks to TOGY about the company’s plans – both domestic and global – and its coming…
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Kazakhstan’s Minister of National Economy Yerbolat Dossaev is considering switching exports of oil and gas from Europe to China or Iran because sanctions against…
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The overseas arm of India’s Oil and Natural Gas Corporation, ONGC Videsh, last week signed a letter of intent with state-owned PetroVietnam to explore for oil and gas…
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On Thursday, 11 September, President Nursultan Nazarbayev announced that Chinese companies were producing 20 percent of all Kazakh oil.
Speaking at the Shanghai…
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The intergovernmental agreement to transport Russian oil to China via Kazakhstan’s main pipelines was ratified last week. According to the agreement, approximately 7…
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Kuwait and China signed 10 agreements and memoranda of understanding in diverse areas such as energy, investment and economy during Prime Minister Sheikh Jaber Al…
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On May 21, Russia and China signed a long-coming gas supply deal, estimated at $400 billion, during President Vladimir Putin’s visit to Shanghai.
The deal between…
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On Sunday, Prime Minister Nguyen Tan Dung of Vietnam cautioned China to show prudence after it began drilling for oil in a part of the South China Sea that both nations…
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