China Oil and Gas Sector Report 2024-2025

As a pillar industry of the economy, China's oil and gas sector plays an important role in ensuring the country's energy security. China is one of the world's largest producers and consumers of oil and gas. According to the Statistical Review of World Energy 2024, released by the Energy Institute on June 20, 2024, China's production of crude oil and natural gas accounted for 4.6% and 5.8% of the world's total in 2023, ranking seventh and fourth globally. In 2023, China consumed 17% of the world's crude oil production and 10.1% of the world's natural gas output. In 2021, China overtook the US as the world's largest oil refiner. Its annual oil refining capacity rose to 936mn tonnes in 2023. Moreover, China is the largest importer of oil and gas in the world.

This report provides a complete and detailed analysis of the "Oil exploration" sector for China. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Oil exploration" sector in China
• Crystallise the forces both driving and restraining this sector in China
• Ascertain China’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in China.
• Build a clear picture of trends, output and consumption for specific sub-sectors