Last year, the added value of China's offshore oil and gas industry increased 3.3 percent year on year, according to China petroleum news,shared by high strength sucker rod supplier.
China petroleum news center:
China's Marine oil and gas industry added 147.7 billion yuan in 2018, an increase of 3.3 percent over the previous year, according to the 2018 China Marine economic statistics bulletin published on the website of the ministry of natural resources.
In 2018, Marine natural gas production hit a record high of 15.4 billion cubic meters, up 10.2 percent from the previous year, driven by rising domestic demand for natural gas, the communique said. The output of offshore crude oil was 48.07 million tons, 1.6 percent lower than the previous year. In 2018, the added value of the Marine oil and gas industry and the Marine mining industry accounted for 4.4 percent and 0.2 percent respectively, according to the communique.
The offshore oil and gas industry includes the production activities of exploring, exploiting, transporting and processing crude oil and natural gas in the ocean, the communique said. Marine mining includes coastal sand mining, coastal sand and gravel, coastal geothermal, coal mining and deep-sea mining and other mining activities.
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