China increases oil production to 208.91M tons in 2023

Companies in the oil and gas sector of China in 2023 increased oil production by 2% (to 208.91 million tons), and natural gas production by 5.8% (to 229.7 billion cubic meters), Report informs referring to the State Statistical Office of the People’s Republic of China.

As specified in the distributed report, the average daily oil production in December reached 569,000 tons, gas production stood at 670 million cubic meters. Over 12 months, China increased its oil refining volume by 9.3%, to 734.78 million tons.

According to published statistics, in 2023, China imported 563.99 million tons of oil (an increase of 11%) and 119.97 million tons of natural gas (an increase of 9.9%).