China Urges Energy Firms to Boost Output
China has urged major oil and gas companies to expand production capacity and establish strategic supply bases to ensure national energy security. PetroChina and Sinopec participated in the meeting.
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Xurve View
China directed domestic energy firms to accelerate oil and gas production and build national strategic reserves. The National Energy Administration issued the directive following a policy meeting held on Wednesday. The push underscores Beijing's focus on securing energy supplies amid volatile global commodity markets.
