China: Mega oil rig changes game

Surrounding countries have increased oil drilling from the sea in recent years, resulting in a loss equivalent to 20 million tons of oil annually for China, Song Enlai, chairman of CNOOC's board of supervisors, told Oriental Outlook magazine. The total output of China's offshore oil and natural gas stood at 50 million tons of oil last year, CNOOC reported.
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Source: Global Times