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China calls on oil, gas firms to boost output, build strategic supply bases

By Reuters News8 hours ago Updated

BEIJING, Oct 23 (Reuters) - China's National Energy Administration has called on the country's oil and gas firms to expand production capacity, speed up the creation of national strategic oil and gas supply bases and take responsibility for safeguarding national energy security.

According to a summary released by the NEA on Friday of a meeting held on Wednesday, the companies should step up investment and exploration activities, aiming for "steady growth in crude oil output and rapid growth in natural gas production".

Chinese oil majors PetroChina, Sinopec and CNOOC were among the participants, the summary showed.

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