In 2013 China extracted 320,000,000 tons of oil equivalent, up 4.6% against 2012, said Pen Zimin, representative of the Chinese Ministry of Land and Natural Resources.
“According to the preliminary estimates, last year China extracted 210,000,000 tons of oil and 120.9 billion cub.m. of natural gas. This is up 1.8% and 1.9%, respectively, against the similar showings in 2012,” Zimin said.
According to his forecasts, in the coming years China will increase oil and gas production by in average 4.6% and increase it up to 700,000,000 tons in oil equivalent by 2030. Increase in production of these energy carriers will become possible owing to increase of their production in the northeastern regions, said representative of the Ministry of Land and Natural Resources.—0--
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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