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China’s Crude Oil Production Growth Declined in Q1

China witnessed a declining growth on its crude oil production in the first quarter of this year, and the production volume of product oil, such as coal oil and fuel, also went down, while the production of natural gas accelerated during the period.

The country’s crude oil production stood at 45.446 million tons in the first quarter, rising 1.7% year on year but down 3.3% compared with the growth of the same quarter of the previous year, statistics show.

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