The report shows that in 2025, China's oil and gas production is expected to reach the equivalent of 420 million tons.

On July 21, the National Energy Administration released the "China Oil and Gas Exploration and Development Report (2026)", showing that in 2025, China's crude oil production will reach a record high of 216 million tons. Natural gas production will have increased by over 10 billion cubic meters for nine consecutive years, with oil and gas equivalent production reaching a new high of 420 million tons. The capacity for independent security has improved significantly, and the oil and gas industry has entered a new development phase characterized by "simultaneous growth in quantity and efficiency, as well as green development." (Xinhua News Agency)