China Oil, Natural Gas & Coal Exploitation Companies Examined by CRI in Its In-demand Report Published at MarketPublishers.com13 Mar 2017 • by Natalie Aster
LONDON – There were 293 enterprises above designated size in 2016, with yearly sales revenue of above USD 2.9 million, engaged in the oil and natural gas exploitation universe across China.
In 2016, the industry sustained losses for the first time ever and saw a sharp drop in revenues, too. The primary reason for the worsening of the industry performance was the plummeting prices for crude oil. In 2016, global oil prices remained at a historical low. The low profit of the oil and gas exploitation sector made it hard for the overall oil and chemical industry to recover.
The overall production of oil and gas by volume across China reached 331 million tonnes, declining by 3%. The production volume of crude oil stood at 200 million tonnes, down by around 7%; the volume of natural gas production was 136.83 billion m3, up by 2.2%; and LNG production was estimated at 6.953 million tonnes, up by nearly 30%.
Crude coal production was 3.364 billion tonnes by volume, down by 9.4% YoY. Influenced the supply/demand scenario and surging prices, coal imports have stayed at a low level since June 2016.
During 2015-2016, coal consumption continued to decline, largely due to reduced consumption in steel and thermal power industry sectors. Although prices for coal went up in H2 2016, the majority of coal mines are still incurring losses.
In-demand research report “A-share Listed Oil, Natural Gas and Coal Exploitation Companies” drawn up by China Research & Intelligence (CRI) is devoted to an in-depth examination of the 34 oil, natural gas and coal exploitation firms listed in the country.
The study provides detailed profiles and financial information of the national companies listed in the recent ten years. Furthermore, the report provides a granular discussion of the operation status of these companies in the recent ten years (from 2006 to 2016), covering financial indexes, indexes on the income statement, and indexes on the balance sheet, etc.
For other in-demand research reports by CRI, follow to the publisher’s page at MarketPublishers.com.com.