The country's natural gas output rose by 13.1 percent year on year to 53.3 billion cubic meters during the period, data from the National Bureau of Statistics (NBS) showed.

Sinochem and ChemChina are approved to jointly restructure by the State Council, the State-owned Assets Supervision and Administration Commission's website showed on Wednesday.

After the merger of the two world's top 500 firms, a behemoth company will take form with 200, 000 employees and a property valued at over 1 trillion yuan ($152.56 billion).

BEIJING -- China saw steady growth in its natural gas output in the first two months of the year, according to official data.

The country's natural gas output rose by 13.5 percent year-on-year to 34.8 billion cubic meters in the Jan-Feb period, data from the National Bureau of Statistics (NBS) showed.

BEIJING -- China's crude oil output grew 0.4 percent year-on-year to 32.08 million tons in the first two months of this year, official data showed.

The Jan-Feb output also represented a 4.1 percent growth compared with the level in the same period of 2019, as well as annual average growth of 2 percent over the past two years, according to the National Bureau of Statistics (NBS).

China Petrochemical Corp, or Sinopec Group, has discovered abundant flows of natural gas and crude oil at an exploration well in northwestern China's Xinjiang Uygur autonomous region, the company said on Monday.

Supplies likely to remain tight due to fixed capacities, surging market demand

Although copper prices hit an almost 10-year high recently, they will likely find good support at relatively high levels in the next several years, analysts said.

That is because demand from the renewable energy sector is rising, supplies of concentrate are tight and inflationary expectations are piling up, they said.

BEIJING - China's 26 leading excavator makers sold a total of 28,305 excavators in February, surging 205 percent year-on-year, data from the China Construction Machinery Association showed.

China National Offshore Oil Corp, one of the country's top three oil and gas producers, said on Monday that its newly discovered Bozhong 13-2 oil and gas field in the Bohai Sea contains proven geological reserves of 100 million metric tons of oil and gas equivalent, making it one of biggest crude oil production bases in the country.

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