official disclosure of the latest data show that in 2016 the domestic two benchmark oil – Daqing and Shengli oil field respectively, crude oil production 36 million 560 thousand tons and 23 million 900 thousand tons, compared to 2015 decreased by 1 million 826 thousand tons and 3 million 200 thousand tons, the total output of more than 5 million tons. Learned from relevant sources, this year’s two oil production capacity will not stop the pace, but the decline narrowed.

Considering the recent domestic oil production is not large, the decline in yield of two large oil field will bring the total domestic production of crude oil fell. In order to make up for the supply gap, Chinese will increase imports of crude oil overseas. In this case, domestic dependence on foreign oil continued to rise sharply, is expected to last year may have climbed to 65%.

Yield adjustment and cost