Oil output to fall 7% by 2020
Source: www.chinamining.org Citation: Reuters Date: January 18, 2017
China`s crude oil output is expected to drop by 7 percent by 2020, the final year of the current five-year plan, compared with the previous five-year period as output from some of the nation`s largest but oldest wells falls.
Crude output will be around 200 million tons by 2020, equivalent to 4 million barrels per day, according to the National Development and Reform Commission.
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