DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/0b2919/oil_and_gas_indust) has announced the addition of the "Oil and Gas Industry in China" report to their offering.
It has been highly anticipated that Chinese oil production will experience a shrink of almost 8.5% between the period of 2010-2020. Crude volumes are likely to go soaring in 2013, but would come back down by 2020. However, gas production is expected to rise, but it still will not be enough to contain the ever increasing demand in China. This has led to China joining many Western nations in establishing strategic petroleum reserves to provide a buffer against disruptions in the supply of imported crude oil. It is also looking forward to adopt methods to increase its domestic output of oil and gas. It is certainly hoped that it will be able to meet the demands through imports, if not by its own reserves.
Companies Mentioned:
- China Petroleum & Chemical Corporation (Sinopec)
- China National Offshore Oil Corporation (CNOOC)
- China National Petroleum Corporation (CNPC)
- Total SA
- BG Group
- ConocoPhillips
- Eni
- PetroChina Company Ltd.
- BP China
- Chevron China
- ExxonMobil China
- Husky Energy
- Shell China
For more information visit http://www.researchandmarkets.com/research/0b2919/oil_and_gas_indust