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China’s crude production rising slower than demand

05/21/2007
China reached production of 3.6 million b/d of oil, 50 billion cu m of natural gas, and 5.8 million b/d of refining capacity by 2005, Facts Global Energy Group (FGE) reported in a May research paper. The group includes Fesharaki Associates Consulting & Technical Services Inc. (FACTS) of Honolulu.China’s 2000 crude oil output was 3.24 million b/d, and its natural gas output that year was 27.7 billion cu m. Refining capacity was 4.2 million b/d for 2000.The FGE paper reviewed China’s petroleum and gas production during the nation’s 10th 5-year plan. During the 10th 5-year plan, China’s added proved oil reserves increased to 34.8 billion bbl compared with 26.7 bil...
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