IHS Markit

China national oil companies and domestic upstream outlook

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Under the disruptions from the unexpected coronavirus disease 2019 (COVID-19) and the plunging oil price, China’s upstream is facing unprecedented challenges, especially when actions aiming for production and reserve growth are being carried out. A few critical issues have emerged among all these uncertainties:

How to balance the domestic produced oil and imported cheaper oil?
Whether the ongoing upstream policy reform should adjust its pace and focus?
How will key Chinese national oil companies (NOCs) position their strategy on the international M&A and exploration front.
With IHS Markit proprietary data and research on China’s upstream sector, we are seeking to provide answers to those strategic questions