DALIAN - The world's first intelligent very large crude carrier (VLCC) with loading capacity of 308,000 tonnes was delivered to its customer in the coastal city of Dalian in Northeast China's Liaoning province on Saturday.

BEIJING - China's iron ore output expanded faster in May, official data showed.

The country's iron ore output totaled 70.787 million tons last month, up 1.5 percent year-on-year, faster than the 1.2-percent growth in April, the National Bureau of Statistics (NBS) said.

China, the world's top producer of rare-earth elements, recently conducted surveys of areas rich in deposits in an effort to better exploit those strategic resources and foster high-quality development of commodities.

PetroChina starts drilling work on 47 wells in Jimsar to unlock potential reserves

Intensified efforts by Chinese oil and gas companies to tap the country's huge shale oil reserves have started paying off, helping bolster the country's energy security, experts said.

Domestic firms boosting production, seeking greener alternative sources

While China has stepped up efforts to boost domestic crude oil production and is also trying to replace oil with cleaner alternatives including natural gas, biomass and renewable energy, insiders predict that the country's dependency on foreign crude oil imports will not ease in the short term.

China, the world's biggest producer of rare-earths metals, will enact new measures to better exploit its rare-earth resources, and rectify market order and the management of the market, the country's top economic planner said on Tuesday.

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