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Recovery to propel oil, gas consumption
Oil and gas consumption in China is expected to rise this year as the economic recovery will rapidly increase energy off-take, experts from industry and policy think tanks said. Oil consumption is expected to grow by 5.1 percent year-on-year to 756 million metric tons in 2023, with refined oil products up 9.1 percent to 398 million tons, driven by an overall recovery in the country's economy, a report released in April by the Beijing-based Economics and Technology Research Institute showed. The institute, which is affiliated with the country's largest oil and gas producer and supplier, China National Petroleum Corp, ... (full story)