China Orders Domestic Oil Giants to Boost Output as Iran War Cuts Supply

China's National Energy Administration has directed PetroChina, Sinopec, and CNOOC to expand production and accelerate strategic reserve development, responding to supply disruptions from the Iran war. The move signals Beijing's concern that its strategic stockpile cannot indefinitely offset import losses, marking a policy shift toward domestic output. The directive follows an October 21 meeting, but specific production targets remain undisclosed.

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