China's Energy Push: Massive Investments & Strategic Reserves
Update: 2025-11-11
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Chinas Energy Push: A Massive Investment in Domestic Supply - Chinese state energy companies have invested $468 billion in exploration and production since 2019, with PetroChina leading the way. This surge in investment comes as Chinese oil giants pause Russian oil purchases due to sanction uncertainty. Despite a slight dip in crude oil imports, Chinas strategic oil reserve building continues, with plans to add 169 million barrels of new capacity in the coming year.
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