| China is on track to produce enough crude oil outside its borders to rival Opec members such as Kuwait and the United Arab Emirates, after its state-owned oil companies spent a record $35 billion buying foreign rivals last year.
In the first tally of the impact of China's recent overseas oil investments, the International Energy Agency calculates China's national oil companies will produce 3 million barrels a day abroad in 2015, double their 2011 overseas output of 1.5 million b/d and equivalent to Kuwait's annual output..........................................Full Article: Source
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