Thread Content
**The latest data from the Energy Bureau shows that crude oil production is expected to reach 215 million tons by 2025, setting a new record high. “During the 14th Five-Year Plan period, China achieved significant results in oil and gas exploration, with production increasing steadily, thereby pushing the country’s oil and gas production into a new phase characterized by simultaneous growth in volume and efficiency, as well as green development. “During the 14th Five-Year Plan period, China built a total of 105 million tons of new crude oil production capacity. Among them, offshore crude oil has become an important \"growth driver,\" accounting for over 60% of the country’s new oil production for five consecutive years. Looking at natural gas. For nine consecutive years, China’s natural gas production has seen growth of over 10 billion cubic meters, further solidifying its position as the fourth-largest natural gas producer in the world. It is estimated that by 2025, the country’s natural gas production will reach 260 billion cubic meters, an increase of 35% compared to the end of the 13th Five-Year Plan period. “During the 14th and 15th Five-Year Plans, China will add 10 new oil fields with production capacities of 100 million tons each, as well as 19 large gas fields with reserves of 100 billion cubic meters each. The cumulative increase in proven geological reserves was 7 billion tons of oil and over 7 trillion cubic meters of natural gas, representing increases of approximately 43% and 40%, respectively, compared to the 13th Five-Year Plan period. Currently, the national oil and gas pipeline network spans 195,000 kilometers, with the formation of a unified national network accelerating.