Challenging New Discoveries Could Slow China’s Oil Production Growth   ...Middle East

China could see its oil production growth taper off in the coming years as the recent new discoveries could prove challenging to develop while output at mature fields declines, according to analysts and forecasters.    Since 2019, China has boosted its crude oil production every year, by around 2% per year, as the state-owned oil giants have endorsed the official government policy to ramp up exploration and production to make China – the world’s top crude oil importer – less dependent on imports. In the first nine months…

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