Chinese oil companies raise upstream capital expenditure by 4.3% this year

Upstream budgets will prioritise gas expenditure ahead of a greater emphasis on renewables

Expanding capacity: a gas exploration plant owned by PetroChina, the listed arm of state-owned CNPC — Expanding capacity: a gas exploration plant owned by PetroChina, the listed arm of state-owned CNPCPhoto: PETROCHINA

Xu Yihe

Singapore

China National Petroleum Corporation Sinopec China National Offshore Oil Corp Asia & Oceania East Asia

Published 13 April 2021, 11:11Updated 13 April 2021, 11:11