Major achievements and challenges of upstream and downstream oil and gas enterprises in China

Abstract

The article considers the main aspects of development and problems of China’s oil and gas industry. Proven oil and gas reserves, the country's resource endowment, China’s place in the international market, the problems of global competition in this industry. Also studied are the measures for environmental protection in connection with oil and gas production Since its inception, China’s oil and gas industry has gone through many years of development and achieved a series of remarkable achievements, but also faced many severe challenges. This section will explore in detail these achievements and the stories behind them, as well as the complex challenges currently faced by the industry.