China’s oil and gas production reaches record high in 2023
by ChemOrbis Editorial Team - content@chemorbis.com
According to local media sources, China’s total oil and gas output exceeded 390 million tons in 2023, indicating a new record. The country’s oil production increased by over 3 million tons from the 2022 level to 208 million tons.
According to a statement made by the National Energy Administration (NEA) on Tuesday, open sea oil production stood at 62 million tons and contributed more than 60% of the total increase in the country’s oil production.
Meanwhile, natural gas output reached 230 billion cubic meters in 2023, increasing for the seventh year in a row. This figure indicated a production rise of 10 billion cubic meters.
These record high figures can mainly be attributed to China’s increasing production in line with its goal of becoming self-sufficient.
According to a statement made by the National Energy Administration (NEA) on Tuesday, open sea oil production stood at 62 million tons and contributed more than 60% of the total increase in the country’s oil production.
Meanwhile, natural gas output reached 230 billion cubic meters in 2023, increasing for the seventh year in a row. This figure indicated a production rise of 10 billion cubic meters.
These record high figures can mainly be attributed to China’s increasing production in line with its goal of becoming self-sufficient.
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