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Oil output to fall 7% by 2020

2017-01-18 09:16:00

Reuters

    China's crude oil output is expected to drop by 7 percent by 2020, the final year of the current five-year plan, compared with the previous five-year period as output from some of the nation's largest but oldest wells falls.
 
    Crude output will be around 200 million tons by 2020, equivalent to 4 million barrels per day, according to the National Development and Reform Commission.