March oil production in China fell by 2.2%, gas – increased by 0.4%

In March, China reduced oil production by 2.2% compared to the same month last year – up to 15.96 million tons, the State Statistic Department reported.
The volume of oil refining increased by 8.3% and amounted to 51.51 million tons.

The extraction of natural gas grew by 0.4%, reaching 13.5 billion cubic meters, while imports jumped 38% to 8.23 billion cubic meters.

China plans to increase annual oil production to 200 million tons by 2020, and gas to 360 billion cubic meters.