China calls on oil, gas firms to boost output, build strategic supply bases

BEIJING, Oct 23 (Reuters) - China's National Energy Administration has called on the country's oil and gas firms to expand production capacity, speed up the creation of national strategic oil and ⁠gas supply bases and take responsibility for safeguarding national energy security.

According to a summary released by the NEA on Friday of a meeting held on Wednesday, the companies ⁠should step up investment and exploration activities, aiming for "steady growth in crude oil output ⁠and rapid growth in natural gas production".

Chinese oil majors PetroChina, ⁠Sinopec and CNOOC were among the participants, the ⁠summary showed.

Reporting by Xiuhao Chen, Yukun Zhang and Liz Lee; Editing by Jan Harvey