China calls on oil, gas firms to boost output, build strategic supply bases
USO•China's National Energy Administration called on oil and gas firms to expand production capacity and build strategic supply bases, aiming for steady crude oil output growth and rapid natural gas production growth.
1. Energy production goals
The National Energy Administration urged China's oil and gas firms to increase investment and exploration and speed up the creation of national strategic oil and gas supply bases. It said companies should aim for “steady growth in crude oil output and rapid growth in natural gas production.”
