Briefly

Bohai sets record in crude, gas output

The Bohai oilfield, China's largest crude oil producer, hit a record in annual crude oil and natural gas production in 2023, with cumulative oil and gas equivalent production exceeding 36.8 million metric tons, said its operator China National Offshore Oil Corp on Friday. Crude oil production exceeded 34 million tons last year while that of natural gas surpassed 3.5 billion cubic meters, further ensuring national energy security, CNOOC said. The Bohai oilfield stepped up efforts to increase reserves and boost production last year, with nearly 2.3 million tons of newly added crude oil output, which accounted for around 50 percent of the country's total crude oil increment, said CNOOC.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 37 pips to 7.1050 against the US dollar on Friday, according to the China Foreign Exchange Trade System.

Xinhua - China Daily