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CN Oil & Gas Production Equivalent Sets All-time High in 2024
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In 2024, the oil and gas production equivalent in mainland China hit a record high, exceling 400 million tons for the first time, and maintaining the momentum of rapid growth of tens of millions of tons for eight years in a row, according to data released by the National Energy Administration (NEA). Among which, crude oil production hit 213 million tons in 2024, up 24 million tons from 2018; and natural gas production amounted to 246.4 billion cubic meters, with an average annual growth of over 13 billion cubic meters in the past six years. PetroChina Changqing Oilfield, the largest oil and gas field in mainland, produced more than 1 billion tons of oil and gas equivalent. AAStocks Financial News |
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