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China’s big oil and gas companies to boost domestic production

Capital spending to rise to highest level in 8 years amid energy security drive Capital spending to rise to highest level in 8 years amid energy security drive

China's big oil and gas companies to boost domestic production
China’s National Energy Agency has set a domestic production target for the year of at least 200 million tons of crude oil. © AP

China’s big three state-owned oil and gas companies are raising their capital investment budgets this year to the highest level seen since 2014 amid an energy security push from Beijing to boost domestic production.

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