SEHK:386Oil and Gas
China Petroleum & Chemical (SEHK:386) Is Up 7.2% After China Lifts Long‑Term Domestic Oil And Gas Targets
China has projected that by 2025 its crude oil output will reach a record 215 million metric tons and natural gas production will be about 35% higher than in the previous Five-Year Plan period, supported by expanded pipelines and storage infrastructure during the 14th Five-Year Plan, which is already under way.
Looking further ahead, China expects crude oil output to hold near 200 million metric tons and natural gas production to reach 300 billion cubic meters by 2030, signaling a long-term...