China Boosts Offshore Oil And Natural Gas Output ...Middle East

OILPRICE - Economy
China Boosts Offshore Oil And Natural Gas Output
source : OILPRICE ( Middle East ) () 34
China reported higher offshore crude oil and natural gas production for the first quarter, with oil production up by 3.8% and natural gas production up by 6.5%, Xinhua reported. The increase was part of a broader one for the country’s marine economy, which grew by 5.1% during the first quarter, accounting for over 8% of China’s GDP for the period. China has been active in boosting its domestic production of oil and natural gas in order to reduce its overwhelming dependence on imports. Despite these efforts, imports still remain essential…

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