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April 18, 2017

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Crude oil production drops 6.8% in Q1

CHINA’S crude oil output fell 6.8 percent year on year in the first quarter of 2017 as energy companies slashed production and imported more due to high exploitation costs, according to National Bureau of Statistics data yesterday.

Crude oil output totaled 48.02 million tons during the period. In March, crude oil output fell 4.6 percent to 16.58 million tons.

From January to March, China refined 138.22 million tons of crude, up 4.5 percent year on year.

In the first three months, natural gas output grew 3.4 percent year on year to 38.74 billion cubic meters.


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