The National Development and Reform Commission releases its projections for the remainder of the decade
China expects crude oil production to fall by 7% compared with its previous five-year plan as production from some of the country’s largest, and oldest, wells continues to decline. Output of natural gas, however, is expected to increase by almost two-thirds, according to a report from Reuters.

The next five-year development plan, released by the National Development and Reform Commission (NDRC) on Tuesday, pegs crude output around 200 mil...


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